I know it is hard to believe and I was shocked to see it too, but I saw two stocks make regular moves that I would take in a normal market. There is no way I will risk anything other than a baby trade on ANY LONG right now as the trend is down on all four time frames that are used by most technicians. The new long is not perfect thus is only a trade for experienced investors and not foolish newbies who “trade to trade.” Grow up. The other long I am adding to my existing long position held well on low volume yesterday, bounced on heavier volume with BOP rising at the 50 DMA today and is a healthcare stock. So this is not a hard decision for me to put a little money in this one. If you dare risk anything more than a tiny fraction of your account there is no nice way of saying how intelligent you are not. Be careful out there folks. I have 20 longs and over 10 are in the healthcare area and they don’t even add up to 5% of my total portfolio. If I am not even 5% long, why are you even long in a market that should still have PLENTY OF ROOM TO FALL. The charts are just breaking apart. The past big leaders are just now being deleveraged.
new long position: DMND
DMND is bouncing off the 50 day moving average and breaking out to an all-time high from a flat to ascending base, on very strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
adding to existing long position: NHI
NHI is bouncing off the 50 day moving average, on strong volume. Cut your final loss with a close below the 50 day moving average, if the stock does not move higher immediately.
