I’m seeing setups all over the place. Everywhere. LULU just broke above resistance, and I expect them to take off to the moon with lighting speed. I purchased some LULU on the break of the December 27th high.
This morning I covered CMG, as this gap shit is just plain stupid. I traded my CMG short for my AZO, while watching for setups in many names. I’m watching many names setups on the long side and do not wish to fight the market. I have liquidated my shorts in AZO and CMG, while positioning myself long. This will be small at first, but will grow increasingly large.
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