Today was some what choppy early on but the indexes managed to rally nicely into the close for decent gains. DECK closed today up almost 6%. Therefore I have no reason to sell yet. My stop loss point is still below the pivot low of $140.00.
Should DECK attempt to break past the high point of the handle it is currently forming of $155.00, I will add another $130.00 SEP Call option to my existing position. However, at that point I will look to exit in close below the pivot level on heavy volume especially if this happens on a break down in the markets.
For the mean time I am still looking for a follow through day in the indexes and confirmation of a new uptrend by healthy break outs in leading stocks.
Until then, good luck and good trading!
Subscribe to:
Post Comments (Atom)
-
I went 200% long this morning after seeing one of the most powerful reversal set ups this morning. After seeing a big gap down with powerful...
-
All of my research has lead me to the conclusion that the number one leading stock in the market as of this moment is NFLX! As of this momen...
No comments:
Post a Comment