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 was stopped out of CNAM this morning for a profit of roughly $480.00 after commissions. My stop was a little tight but I do not mind being...
-
BIG PICTURE: Still in an up trend. Still long biased! MY BEST IDEAS: $RKT: Recent IPO. After an initial 2 day pop, it pulled back for four...
No comments:
Post a Comment