Our general market indicators are overbought and looking like we are making a short term top here. I am selling IWM at the market ($222.40), and taking small loss. I am also entering a sell stop order on QLYS at $109.70 Good Until Cancelled. I will watch this one as if we can’t breakout here, I might just take small profit and look to buy back lower.
Let’s buy IWM at the market, current price $230.74. We have what could be a jump and a backup, and the Technometer is extreme oversold.
Updating stops on positions.
Reaction Continues
The Wyckoff Wave continued the reaction that began the week before. It did not make much downside progress, but a continued slight correction nonetheless. …