Wyckoff SMI Blog
We like the action in MAR ($177.95, Marriott). We are going to buy at the market and using a sell stop at $162.50. Earnings are started to release on May 4th.
*You should be accessing trades at our stock discord in real-time. If you do not have access, please let us know. We also will be…
We are going to go long TBT which is the Ultrashort 20 year Treasury. This means we expect the TLT to move lower, and 20 year treasury rates to move higher. Current Price of TBT is $17.39. We are using a $16.97 protective sell stop. **Remember TBT is a leveraged short, so position size lower if needed.
TLT looks like it is making a top as the OP keeps hitting new highs (which happened two months ago), and also just happened at…
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.