Clicky

NM Stopped Out + Market Comments

The NM Active Long Trade has been stopped out on a move below 1.20 & will now be moved to the Completed Trades category.

Also note that after back-filling yesterday's gap, the QQQ have rolled over & are taking the rest of the market down with them so far. I do plan to add some targets to the list of favorite short sectors & index tracking etfs posted yesterday but keep in mind that those trade ideas, although still unofficial, are intended as swing trade opportunities with an expected holding period of a least a couple of weeks.

2+
Apr 28, 2016 3:26pm|Categories: Completed Trades - Long, Equity Market Analysis|Tags: |2 Comments

2 Comments

  1. pangblood April 28, 2016 3:44 pm at 3:44 pm

    This one was due to bad fundamentals that came out and messed things up, FMSA still kicking hard, plz feed us more trade ideas

    0

    • rsotc April 28, 2016 4:55 pm at 4:55 pm

      I had taken FMSA but sold it yesterday in pairing back long exposure plus it had hit my first target (set just below the 4.28 R level). The stock attempted to surmount that level intraday but fell back to close right about on that level today (i.e.- still resistance). Neg D starting to show up on the 60-minute chart so consider tightening stops to protect profits. G-luck!

      0

Comments are closed.