Big reversal so far this morning…Wyckoff Wave 36,875 after an early low of 36,070

Hopefully you are closing following our Twitter feed, as we put on some nice buys this morning!!  XOM up over $3 today, MSFT up over $1.   We added GE and BA to our long positions as well today.
We also added two more different trades in XLE and VNQ each.
We came in bullish, and this mornings weakness allowed us some more lower risk entries.
Stay tuned!!

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Update on our short position in the VNQ (Vanguard REIT ETF)

We have been short VNQ from lower prices, but we have stayed short as we felt like the rally was suspect.  The sector has shown short-term relative weakness to the general market.  So far the ETF is now looking much more bearish. The first chart is the daily chart.  As you can see we are…

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