![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgf9-NWzlaRisE7yt3Jg_DJGoqSC54j8r2BX2EEItqnwGXJSeYqQ34E6Np_5_gfyGdz-wJGgPStVqVlvWi7vxpipoPfEaNvVZAi9vnylYDkW6d0JcrQ312jFKUWLkIzLksnI_por8SBoGg/s400/sc.png)
Here is what I plan on doing...
If the market decides to consolidate here, I will cover my protection around the 14SMA.
If the market does not consolidate here, and moves past 1150, I will close out my protection and just wait in the names I am currently long. I will sell some of the long position as they get overbought or individual triggers are met.
Note:
IBM looks to be starting a sizable move upward here. (I can not be too bearish on the market if I think a big name like IBM is about to do this. It would be a contradiction.) It may test 132-133 with this move.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiF6WMryvm10YvFnHj-397933f5UJebs9-HtkBAY4-J25djGB9zGpzZm7-qSoOaVHbmguADg9VPjqPpPgC8TEKEgheJm_A0NSrPfbGNJU06F-6v2Rfi52n_aHoPOoHyg5GhSYpTMQLx_yY/s400/sc-1.png)
I will sell DECK and buy IBM tomorrow morning.
ReplyDelete