3 Stocks Watchlist: MCO, OLN, CBI
Ryan Mallory | Mar 09, 2017 12:35AM ET
Second consecutive day where the market sells off in the final 30 minutes of trading rather than blast higher into the close as has been the norm for the market for years now. There has definitely been a change in the attitude of the market over the last 3-4 trading sessions, I'm not sure it is the mark of a sustaining shift in the overall market, but it does mean that you can't be as overly zealous to the long side as was permissible for all of February.
March is essentially flat on the month and it is important that you allow yourself enough wiggle room to move with this market if it does indeed, decide to sell-off and push lower.
h3 Here's the Stockwatch:/h3Long Moodys Corporation (NYSE:MCO)
Long Olin Corporation (NYSE:OLN)
Short Chicago Bridge & Iron Company NV (NYSE:CBI)
Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.