I dipped in the market today, adding a few more positions in the final hour of trading. Along with my earlier purchase of $GLUU, I decided to add $AZPN, which looks great, and $SXCI, which looks ready to preform the $100 roll.
The $IYR was just barley able to close above the 50 day moving average, but did. In my opinion, the close was solid, and the bulls have a chance to take the ball here. My gut says buy, and I did, but things could still turn on a dime.
Here’s a look at my positions:
$GLUU, was tempted to sell on the MSFT rumor, but the chart is still primed:
$AZPN, looking for a breakout here, will stop out with a close below the 20 day MA.
$SXCI: I’m looking for a breakout right here, with a target of $100+. However, I’m not giving it much room, will toss out on weakness. I want to see a solid move here:
$SVVC: supposedly this thing is trading under cash. With $FB and $YELP trading better I decided to take a shot at it. Will stop out if it makes a new relative low.