I had no choice but to take gains off the table here with the S&P up against resistance. Individual names still looks good, and I’m not sure how long I will stay in cash, but wanted to take my chips off the table. It been a good quick run.
Here a look at a 30 min /ES chart:
Names on my radar here: DVN, MCP, KS, $NTAP, $SODA, $SPRD, $SYNC, $THLD, & $UCO.
I would like to see things cool off a bit first before jumping back in, but something tells me it won’t be long before I’m buying again.
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RC, what do you think about OPEN here? It broke 45 earlier in the day. I bought just above that. Any targets on this? I know you mentioned this as a new long of yours. Thanks!
hey jobo, I took profits on it near 45.50, starting to get a little overbought. Will revisit.