Translation, sell a little into strength when your stocks are going up and always raise your stop concurrently. That’s how you stay out of trouble when trading. I did a little of that today. You never know when the next European country will decide to implode right?
The Nasdaq is real close to new highs again and the other three indexes are at some lateral resistance, so we may go sideways for a few days here. We’ll see.
I noticed some out our stocks broke out then went back to test the breakout. That’s normal behavior on a breakout so not to worry.
Please check the P&L tab on the blog because I adjusted some stops.
Have a great evening and I’ll see you in the morning.