We want to raise our sell stop on REGN to $390.25 which is just above today’s low. We are long from $394.70 so this will be a slight loss for the trade.
You can see from attached charts that our Technometer is extremely overbought so we want this move to be a strong move to the upside, and if it fails here we do not want to be long this position.
Good Trading,
Todd Butterfield
The Wyckoff Wave closed the week down sharply, on low volume. For the last week and a half, the Wave had met resistance at its…
The Wyckoff Wave closed the week sharply higher, on much lower volume. The Technometer is extreme overbought. We closed strongly higher Wednesday/Thursday/Friday to end the…
The Wyckoff Wave closed the week only slightly higher, on low volume. We had expected the Wave to meet resistance at the previous support area,…
The Wyckoff Wave closed the week down again, on an increase in volume. We was hoping that prices would try to hold early in the…
The Wyckoff Wave closed last week higher, on slight increase in volume. We was expecting a slight pullback into the FED speak, which we got. …
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