{+++} Why do I have two long ideas up when I do think the market feels heavy? Because you just never know, and I won’t know until tomorrow if the beast has any more gas in the tank. These patterns look great, but will need some help from the market. I’m cautious here and you may start seeing more shorts than longs soon. If you have been following my blog for the last year, then you know that 90% of the recommendations have been short. So far it’s been a phenomenal week. As you may have noticed I haven’t been giving exit prices on the calls because I don’t want to dictate your comfort level when taking profits. Use your own common sense and don’t be greedy, if you see 5 or 10% take it, sell it all, there will always be another one. In a “normal” market I would give these names some more time, but I don’t trust this market so I recommend a short leash, profits are so hard to come so take them when you can.
I will see you in the morning.
