A full market review today recapping the stocks from last week and highlighting a few more for this week, of which MNST is a potential highlight. Today, in the light of what will be a big news week, Guy Cohen wants to emphasise another four-letter symbol … TWYS.
This of course stands for “TRADE WHAT YOU SEE”.
What it means is that we only spend our time looking for the setups that give us proven increased odds of profitability, and we only trade those setups when they prove to us that they are breaking out.
From there, we manage those trades according to Guy’s proven trading plan. The good news is that we only have a handful of setups we would ever consider. No ifs, no buts and no maybes. Every trade is an investment, and therefore each one must prove its worthiness to you. If it doesn’t, then move on. If you missed a few that turned into big winners, that’s okay. It’s all part of trading. You’re not going to get them all.
Trading is a numbers game, and we play it with a particularly effective stacked deck. You just need the patience to see it through and stick to the rules. Watch Today’s OVI Market Review to See The Power of ‘TWYS’
Read The Capitalist’s Take Here
ARAB NATIONS UNITE AGAINST TERRORISM; CUT OFF QATAR OVER ISLAMIST SUPPORT
The fallout from Monday’s shock move by four U.S. Arab allies to isolate Qatar over its ties to Iran was felt across the region on Monday, as flights were canceled and Qatari stocks plunged the most since 2009.
Saudi Arabia banned all Qatari planes from landing in the kingdom and will bar them from its airspace as of Tuesday, the official Saudi Press Agency reported. Abu Dhabi’s state-owned carrier Etihad Airways and Dubai’s Emirates said they would suspend all flights to and from Qatar’s capital, Doha, from Tuesday, along with the U.A.E.’s low-cost carriers Air Arabia and Flydubai.
Read More at Bloomberg Here
Read More at Washington Post Here
Read More at ABC News Here
TRUMP CALLS IT WHAT IT IS; TRAVEL BAN. FACES NEW LEGAL OBSTACLES AS A RESULT
President Trump is mounting a vigorous defense of his controversial travel ban, continuing an argument he started over the weekend in response to a terrorist attack in London. His uncompromising language could complicate matters for administration lawyers charged with defending the travel ban in court. The tweets also threaten to overshadow a series of White House policy announcements on infrastructure this week. This is not the first time that a carefully choreographed roll-out by the administration has been upended by the president’s itchy thumbs.
Read More at NPR Here
Read More at The Guardian Here
Read More at Business Insider Here
– Monday, June 5th
Markets Dip Down Amidst Rising Global Tensions
Big Insider Trades
– Box, Inc. (BOX) CFO Dylan Smith Liquidates Shares, Sells $625k
– Wesco Aircraft Holdings, Inc. (WAIR) Director Thomas Bancroft Buys $2.5m