I got a few e-mails asking how I am timing my entry points. I have been watching the SSO ETF today. I was waiting for the low to break and then see how the market reacted to it. When I saw volume pick up after a run through stops and a move back through the low that is when I started picking at a few names, and added as they got more volume.
It might be best to just trade the ETFs as many individual stocks have so many holders ready to sell, no matter where the market is going. Plus a lot of the big price moves aren't being supported by volume causing me to just want to flip them. I will post where I would look to buy SSO if another entry opens up.
I could see starting a little here at 25.8 to trade around. Through yesterday's high of $26.83 and it should see more upside tomorrow but I would wait just before the close to add.
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