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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Pasta Boss, on your stop loss question, I'm guilty of confusing brains with a bull market. I waited until I had a small profit and then put the stop loss at a breakeven point. I actually used TD Ameritrade's contingent trade system where I had the stop loss and then a sell at 162 if it reached there. One cancels the other if one is triggered. I had to be away the rest of the afternoon. It took me out at 162. Left some on the table, but was good with the trade...
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Ah it was TRUE the TRUE car buying service doing it's very own version of PETS.Com. Gotta love the unicorns for a short when they have to start acting like adults.
Full disclosure, we have been using pricing services (mostly Edmunds) to make car negotiating fun for decades. So nothing new here just an overhyped wrapper.
Closing down on yesterday's POC/VWAP 2587 ES. I have 2582 as the 20 day Average Daily Range low, so a possible close at that level if it continues ugly.
Bouncing on yesterday's VWAP/Point of Control. Real question is will it hold or will Chair Yellen have to rescue the market after lunch with her speech.