Market yesterday had another Bad Up Day ( Index up but Breadth negative)…….two Gaps Up were sold into. And the market could not rally on “good news” ( China Tarriff Deal from weekend). Signs point to a market that is tired and want to pull in……..how far? we don’t know but our market tools tell us to be more Defensive right now.
MDB – Raising Stop Loss to $351.31 ( BE+3%)
CRWD Raising Stop to $533.20
SNDK – All depends on your average cost and risk tolerance. Yesterday was “distribution” though it climbed back……another day like that would be potentially Railroad Tracks Sell Signal. I have my eyes watching the 10sma ( Seven Week Rule)….try to think incrementally/scaling into smaller decisions but have a line in the sand.
TSLA – triggered yesterday. Raising SL to $443.59
SNOW – triggered yesterday. Keeping same Stop $265.59
PATH Setup comes off the FL
AVGO, VIK still remain on FL
This is NOT investment advice.
Trade Well
J
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