SEAS was a slow mover this week but it did move up! I closed my trade this week in 2 halfs. Half at $31.85 and half at $31.99. The first order was to take profit in the case that it dropped lower. I don’t want to let a green trade go red, so I will normally scale back my position if I feel like a trade is moving against me. I will sell the first half for a profit. This …Read the full article
I market filed my order on SEAS around lunch time based on that it dropped but held support. This pulled back some towards the close so watch it going into the open tomorrow!
Well, this turned out to be a great week to not trade. Everything was down, including the tickers that I had on watch. That’s a win! Have a good weekend everyone! We’ll get back to it in Monday.
Short week this week! The S&P 500 feels “tired” this week but the QQQ looks like it isn’t slowing down. If you look at the chart below, you’ll see that the we are at 70 RSI on the weekly chart and this is typically a spot where we stall. The RSI (Relative Strength Index) is a momentum indicator and RSI > 70 is considered overbought. RSI < 30 is considered oversold. A lower RSI means that the stock isn't overextended. …Read the full article