Plus what timeframe adjustments according to risk and RSI
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After the warning on the small caps yesterday, for a while on Tuesday, it seemed like the market was in for a big correction. But, keeping with the Russell 2000, it closed down marginally but with a doji day which …
How to manage risk, positions, adding-all related to the plan
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Will spend week covering plans, managing existing positions and adding to winners
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At least the run at the end of last week did not look like a blow off rally! In fact, it was surprisingly orderly. The jobs report was icing on the cake, but more importantly, what does the strong dollar, …
The big news is that the small caps, Russell 2000s, closed on new all-time highs! As did the Dow! And as I wrote earlier this week, with the new found euphoria, overbought conditions were not as important as they might …
Thorough look at a very important layer plus sector rotations
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Dow makes another new high but on pretty light volume and without the cooperation of NASDAQ. Is AAPL the culprit there or is the market once again, in for another major rotation of the industry groups? The Russell 2000 or …
Managing the existing positions and having a plan for any new ones
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Dow closes in triple digits and on new highs! So, if we piece it all together: the bull phase, the correction that maintained the phase, the first to negate bearish candles near the highs, the strength of many of the …