Jason Bond of JasonBondTraining. com thinks the stock market is due for a dip, but he’s been unwilling to lose money fighting the small-cap trend that has taken the Russell 2000 to record highs, so he has been looking for Fibonacci retracements, buying hot stocks when they take a breather, hoping to catch a secondary move when the stock goes on its next rip. While he is running with the bulls, Bond says he will wait for the market to show that it is serious about a pullback before he backs away; meanwhile, he is long on two Fibonacci retracements in ROKU Inc. Class A (ROKU) and Celsion Corp. (CLSN) looking for them to take another bounce in the days ahead.
Jason Bond runs JasonBondTraining.com and is a swing trader of small-cap stocks. When he recorded this interview on Wednesday, Oct. 11, he had 15,000 shares of ROKU purchased at $1.69 and 4,000 shares of CLNT, purchased at $5.08; he was holding the shares as a swing trade, planning to sell them as described in the interview. The Raging Bull podcast features experts from the site talking with Raging Bull editor Chuck Jaffe on his show, “Money Life with Chuck Jaffe.” You can learn more about Chuck’s daily hour of market and personal-finance chat at MoneyLifeShow.com; you can subscribe to the Raging Bull podcast via iTunes and other podcast providers.
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