Protect profits on short GE position.

Todd Butterfield Blog 0 Comments

GE has continued to collapse following our overbought Technometer on 10/20/17.  We are going to lower our buy stop on GE to yesterdays high which is $20.72.  We feel that we are nearing a selling climax, so any sharp selloff the next couple days we would cover our short.  Otherwise use a buy stop at $20.72 in case it begins to rally from here. Our original short is from $28.91 on June 19th.  So we …

Wyckoff Wave still continuing in this sideways, low volatility range

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened higher Monday, and then spent the rest of the week trading basically sideways.  Volume was slightly higher this week but still trading average levels.  Our work showed some supply still present. The Technometer spent the majority of the week trading below neutral near oversold, and closed there. The S&P was up approximately .75% for the week and the Nasdaq up over 1.5% for the week. The Wyckoff Wave spent the week …

Wyckof Wave has its lowest close since February 10th

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened higher Monday, and stair stepped lower the rest of the weak.  For the week the Wave was down 750 points.  Volume was at normal low levels and showed supply present. The Technometer spent the majority of the week trading near neutral and finished the week slightly below neutral. The S&P and Nasdaq Indices were both down over 1% for the week. The Wyckoff Wave spent the week slowly working lower.  We …

Dull Sideways Action….

Todd Butterfield Week In Review 0 Comments

The Wyckoff Wave opened lower Monday, then rallied into Wednesday before succumbing to a sharp reversal.  The Wave then spent Thursday/Friday trading sideways.  For the week the Wave was up slightly.   Volume gave no strong clues during the week, but showed supply still present. The Technometer spent the week trading near neutral and finished Friday slightly below neutral. The S&P and Nasdaq Indices were both down slighlty for the week. The Wyckoff Wave spent …