I closed 1/2 of ULTA (1/3 of original) at 395.42 for -3.8%. Not finding any buyers here and continuing to reduce exposure.
Trading notes:Â SPY continued the trend of being unable to hold intraday strength for a nineth straight trading session, and looks to make it to day #10. Watch the 5-day moving average as it has managed to hold on to this level despite the inability to attract new buyers during regular trading hours. This week's major
I closed JPM at 207.67 for -1.97% (pre-market) Stock was downgraded, I don't see a reason for holding into the opening bell here with a break below the rising trend-line off of the September lows.
I closed 1/3 of ULTA at 403.00 for -2%. Hard reversal since getting in - going to reduce the risk exposure here.
I closed the rest of AVGO at 173.26 for a +3.2%
New Long Setup: ULTA I bought ULTA at 411.35 My stop-loss: 387.51 My target Price: 474.00 My risk rating: 4.0
Trading notes: PCE came in a tad-bit cool this morning, and that has the small caps ripping. For the past eight days though, we have not been dealing with a market that is interested in building on its gains on an intraday basis - either it closes pretty much right where it opened at, or
I closed 1/2 of AVGO (1/3 of original) at 179.42 for +6.8% profit.