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10/31/18
Thomas Thornton
Hedge Fund Telemetry Trade Ideas

I do not believe the turbulence in the market is complete but if the market finds some stability, here are five worthy long candidates that have been beat up worse than the market indexes.  MS, MU, DWDP, LOW, CELG. We would suggest small 2.5% position sizes with a 7-10% stop zone.
Current Trade Ideas Sheet


Tightened up stops in recent days forcing some covers which locked in gains.   Let's see how these longs can do if they can hold the market together.  It's been a GREAT month on the trade ideas sheet.
 
New Ideas and Comments on Recent Ideas


Morgan Stanley has some resistance and didn't get paid for a decent quarter.  


Micron was loved at the top by many except me but now I like it for a trade


Dow Dupont has been crushed and they report tomorrow.  Have to believe the bar is pretty low


Lowe's has moved lower in a wave 1 of 5 down waves.  I expect a bounce into wave 2 which will be a lower high bounce


Celgene has been crushed repeatably for the last year and is half off from highs in 2017.  Worth a shot on the long side.  



 


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