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NBT Bancorp Inc.NBT Bancorp Inc.NBT Bancorp Inc.

NBT Bancorp Inc.

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NBTB trade ideas

Third trade using MACD stategyThis weekend the screener spit out 8 candidates and only two was passing my manual inspection. I selected NBT Bancorp since the upside was best of the two. It is not easy to trade in this bear market we are in but this way we see how the screener and strategy perform in a challenged market. Another "problem" is the very big focus on CPI and FED meetings. The CPI came out the day after the first trade (Super Micro Computer) an basically killed the position (it hold only 5 days). Now the FED meeting is coming up tomorrow and continues to Wednesday. Things might get out of control and max fear can be reached before we now of it. My personal guess is that we have to reach at least "high fear" and some "serious" sell offs before a new bull market occur. There might be several bear market rallies to come that will trick us so be cautious out there. It could come this week, next month or.... The truth is that nobody knows. The screener right now seems to like the Financial sector and especially Regional Banks. It is very interesting if it actually can find stocks that can rise in this kind of market. This trade will bring us up to two open positions and both are banks. SL is set a bit closer now. The entry was $39,72 and SL is set to 37.93. We are targeting $42.44 area.
NASDAQ:NBTBLong
by npinvestordk