Troops are trying to put on a move here and the move seems a bit early to me. I doubt it holds and feeling a sell off into the close.
Anyway I'm going to lock in my gains on MBT here at 38.20 for a pretty nice gain. Volume is overall pretty light on the stock and doesn't look like it is going to break support at 37.75ish. Could have further to go and I will consider reshorting if support is broken.
Just locked in half of EEV at $101. Not the biggest percentage gain but very profitable at over $5 a share so I want to make sure this doesn't slip away. This one likes to gap either way and usually fills those gaps so should have a chance to add back tomorrow. I just don't want to have too big a position ahead of the economic data tomorrow. Chart looks good though. Very strong volume today.
2:57
Out of the rest of EEV here at $104
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nice trade on EEV. I was holding DXD and sold it after hours. I wasn't feeling comfortable about the possible gap up although the dow looks like its going to open up in the red so far. You may want to check out some new ETFs that just came out. The bull ones are BGU and TNA and the bear ones are BGZ and TZA. They're intended to move 3x with the Russell 1000 and Russell 2000 respectively.
Nice pick calico. Really good looking chart on DXD. Nice volume today and closed over short term resistance. A little resistance at 80 but I doubt it is that strong. Plus over the 50 dma. I will watch this one for a trade tomorrow after we get the news out and see how things shape up the first hour or so. A break through of today's high or the first hour high if it gaps up would be my entry.
How long have those ETFs traded 2 days? Not in TC net yet but I will keep an eye on them. I trade ETFs primarily only on technical indicators so a bit timid to trade new ones even when they are based on another index. Thanks for the heads up though.
Yea, they're brand spanking new. Just saw something on them today. I may take a small position in BGZ whenever the market has a few good green days just to test it out. Not worth trading right now though
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