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Gold is the best
performing sector this morning. Look at the daily chart of the Gold
Index below. The rising trendline is still intact, but it is forming a bearish
tail again. If you own gold stocks, maybe it is good time to take partial
profits.
10:13:41 (from TradersWire) The clock is
three minutes fast.
|
Action |
Symbol |
Order Type |
Setup |
Stop |
Target |
Current Price |
Posted By |
|
Sell |
IBM | sell stop at 74.98 | pullback | 75.20 | 74.70 | 75.08 |
TK |
IBM gave us a clear sell signal. Shortly
after 9:45, the stock began to pullback from its intraday low. But, the
declining trendline and the 20-period EMA were too tough to overcome. I placed a
sell stop order just below the 75 level.
10:29:56
Follow up on IBM (Pt 2)
It has hit our target. Cover your remaining shares or re-adjust your stop.
Did you take a double bottom buy after covering your short positions?
If you have questions, feel free to
mail them to me.
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