Friday, November 19, 2010

Hold signal today...

Current market status: Unhealthy
Today's Signal:  Hold
Previous Trade: Sell/Short (generated 11/18)

I attempted to add to my short position at the close but my limit order was just missed by a few pennies.  Usually I won't add to my position on a hold signal, but Monday is the day after Opex which has a bearish seasonality.  Perhaps there will be a good entry point Monday morning. A gap up to resistance would fit the bill. Have a good weekend!

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