Here’s Why You Should Watch Sector Action
The Nasdaq Composite
Index is nearing the 2100 level after testing a rising trendline
successfully. Can the index take out this level?
10:05:32 (from TradersWire) The clock is
3 minutes fast.
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Buy |
NVLS | buy stop at 27.17 | challenging intraday high |
26.98 | 27.40 | 27.15 |
TK |
I normally wait for a pullback, but
as you can see below, the semiconductor sector is very strong today. People are
definitely in a buying mood.
I placed a buy stop just above the intraday high. If the stock breaks out to a
new high of the day, it has a chance to climb up the upper Bollinger band.
Needless to say, a breakout trade works better when the market is strong like
today.
10:18:43
Follow up on NVLS
Selling half for a 10-cent gain. Move stop to breakeven.
Feel free to mail me your
questions.