very strong bonce... IWM , QQQs break thru top of channels (key sign to avoid shorting today)
I shorted anyway - small loss.
AAPL and many others gapped up big to top of clear channels... GDX.
IWM - magnet to top of 5 day range.
Clear sign: 99% IBD names green... huge 11:1 up/down NYSE vol. Squeeze day.
IWM is climbing despite negative MACD signals.
-- set up was to buy o/n -- many stocks hit highs by 11 -- window of movement is very brief. Now it's likely all churn until next stretched conditions.
watchlist 100% green -- covering day... low vol. riser day... lot of junk up big.
channels broken... oversold conditions gone now.
had SLV pegged -- dumped it instead of holding on for .60 gain... need to be patient with winners.
No comments:
Post a Comment