We want to update our stop levels on open positions. With the strong selloff in stocks today, it will now allow us to place protective stops.
SPY – place buy stop on all 3 short positions at $271.55
QQQ – place buy stop at $169.44
GDX – continue sell stop at $21.18
IBM – place buy stop at $134.46
Click Here For Wyckoff Wave Chart 04-19-13 A week ago Friday (the day after point B), the Wyckoff Wave put in a lack of demand…
The Wyckoff Wave was down for the week. Volume decreased slightly again. The O-P was down for the week. The Force Index was down for…
Market Overview The major indexes continued to show sideways consolidation as the market works through a period of uncertainty between supply and demand. Both the SPY and QQQ remain within defined trading ranges where rallies are meeting supply while declines are being met with intermittent demand. This type of action often reflects a market that…
Update on our current Stock/ETF open positions…. Our short SPY was right on the money. The China news has helped this position considerably. We have…
The Wyckoff Wave finished the week lower once again , on low volume. We was wanting a slight correction to get our Technometer closer to…
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