Small pullback in the Market, however both SPY and QQQ remains above upper range of bollinger band , making it difficult to initiate new swing long position. Most stocks are quiet extended and needs few more days to setup again. I will be looking for small cap plays while market chops around. Some decent action …
Quick Summary SPY hitting extreme overbought levels. Short trade has worked 7 out of the last 10 times at these levels. I will wait to short on an upmove or breakdown. Looking for pullback entry in IWM. Took partial profits in CODE today, still holding UA and GDP. Focus list additions WYNN and FB. …
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