Gameplan for Friday January 15th
The market closed up for the day but we did have some pretty brutal whipsaws. For example if you bought our ARST and CAGC setup f rom last night the stocks popped up around 5% intraday only to reverse and close lower for the day.
Take a look at some of our open positions that were way up today but reversed to close way off the highs.
Whipsaws like this, especially during earning season makes things far less predictable . We will start to close out all choppy positions and if later on the opportunities present themselves then we will get back in at that time
Positions to Close
We don't mess around with a stock that was up huge and ends up closing way off it's highs for the day on heavy volume.
ULTA take profits if not already
CACC example of a strong stock at 10 period MA
AMZN closeout if trades lower
Close 1/2 of TLEO possibly entire position tomorrow
No new positions for Friday, January 15
We should have some more updates intraday
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