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.
ORCL – buy stop @ $46.07. Short from $45.55 LL – sell stop $23.50. Long from $21.17 GDX – sell stop $22.43. This is breakeven from recent …
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. …
