The market is starting to show signs today, slowly but surely, that it is trying to move higher on the day. As a result, I am buying some shares of DirectTV (DTV) after some nice consolidation formed a bullish flag, which falls in the category of continuation patterns. My stop-loss is fairly tight only allowing for a 2.5% move against my position before I bail.
In other action I cut my positions in FRG and ELY this morning.
Here’s my chart analysis on DTV.