Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

My take: we are going up!

Am I the only one seeing this?  Take a look at the SPY daily chart below:


While the day is not over yet, but the up bar today is telling me that the market wants to go back up.  Notice that price action for the last three days stays above the breakout line.  As far as I’m concerned, the uptrend line from Nov-16 low is still strongly intact.

I’m currently long AMRN, LRAD, SZYM, GLOG, USU, UCO, EMAN, NOK, RIMM, WPRT, ES, & 18% cash.

Trade well!

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