NM daily 2The NM long is currently backtesting the top of the large triangle pattern that it recently broke out from, triggering a long entry.  Normally, I might highlight this as an objective add-on or entry opportunity but with the broad market recently triggering some longer-term sell signals, I’d rather just hold off on adding to NM at this point in time.  Stops remain on a move below 3.60 but there’s nothing wrong with using a more aggressive stop to minimize losses, especially if you have a large net long exposure to the market right now.