[Platinum Watchlist] (4.14.23) 1 stock we are keeping an eye on today!

Good morning & Happy Friday.  

JPMorgan Chase jumped more than 6% in premarket trading after posting first-quarter results that beat estimates on both earnings and revenue.

Wells Fargo rose almost 3% after posting results that surprised investors on the upside. 

The market movement came after US consumer and producer price reports for March showed a faster drop in inflation than expected. 

The tight labor market also offered further signs of cooling, raising hopes that the Federal Reserve might be approaching the end of its tightening cycle.  

This morning we still have 3 positions open in the Swing Trade Watchlist Portfolio including BRKB, A and AWK. 

We have closed out 14 positions during the month of April with an overall paper trade gain of $1,860.00 in 14 days. Of the 14 closed positions 11 stocks were closed with a gain, while 3 were closed with slight losses. 

As stated above, we still have 3 open positions as of this morning with an additional unrealized paper trade gain of $1,835.00. If these were closed out at market open, the paper trade gain for the month would be about $3,700.00 for April.    

This week’s Horizon List is up about $1,646.00 as of yesterdays close.   

These results are being accomplished with a “Risk Adverse” Swing trading approach, which is how I trade the market. Others with a higher risk tolerance will have different results. The key is to have a trading plan (Guidelines) and a risk management strategy that take emotion out of the trading decision making process. Minimize losses while maximizing gains.  

AFL closed up yesterday just under the 50-day SMA resistance level. If the price can break through this level, the next level of resistance will be 68.15. All the oscillators are in the green.  

The markets look to be opening lower this morning so If you decide to enter any positions be aware of the volatility experienced within the first 30 minutes of trading as market makers clear out their overnight order books. Many swing traders choose not to enter orders prior to a weekend as a part of their risk management strategy.  

This information is provided for educational purposes and is not a recommendation to buy or sell a stock.