Here’s Why You Should Not Fight The Trend

I cannot stress enough
how important it is to trade in the same direction as the market.

Look how poorly Retail HOLDrs (RTH) closed yesterday. It appeared we
would see a continuation of the downward move. This morning RTH gapped up at the
open. I don’t know exactly what caused this minor rally, but it is clear that
RTH has changed its direction.


10:35:55
(From TradersWire)


Daily Setup Alert


Fastenal (FAST)
is attempting to move out of a flag on its daily chart. Long FAST if it takes
out 62.21. Our target is near 64. Risk 0.5-0.75. FAST is up 0.86 at 62.02.

It was a simple breakout play. Why did it successfully work out? You know the
answer. The market is very strong today.

12:25:18

Follow up on the 10:35 story (FAST)

The issue has covered our initial risk. Take a partial profit and move your stop
to breakeven. FAST is at 62.73, up 1.57.

Do not fight the trend!

T.Kamada

If you have questions, feel free to mail them to me.

Â