The market only gets this short term stretched to the upside a few times per year. This means 2 things to us.
#1 We are racking up big time profits in the last week especially since our screens told us to load up the day before the rally began.
#2 As much as we would love to buy, buy, buy!(as some would put it) We aren’t high,high,high! Entering into new positions after a solid run like this is bad for your health and wealth. We will get a pullback at some point and certain stocks will pullback 10-20% before they go higher. This service tries to protect our readers from such emotional buying and having to take a quick 10-20% loss by timing an entry wrong.
Here are our open position as of the close today. You can see why we aren’t overly anxious to overtrade. We are loaded up and in many cases right at the perfect time
|STOCK||Last Price||Entry Price||Hi||Pts up||% return||PTS TO HI||% TO HI|
We will continue to treat this market as one that will pull back soon. This means stops on ½ of our positions on any lower lows on the daily charts and stops at least at breakeven for the remaining ½ positions.
No new setups yet
We are travelling in New York but will try to get another report out tomorrow later in the day with some charts of open positions with support and resistance levels
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