I am only keeping an eye on shorts right now so that I can hedge my long positions. The good news is that our new shorts are working for us. We are getting it right on the long and short side.
new short positions: WAB WCN
WAB is breaking down right at the 50 and 200 day moving average, on extremely huge volume, red BOP, and while it closes at its LOD. Cover your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
(chart)
WCN is breaking down below the 50 day moving average, with the 200 day moving average rolling over right above it, putting in a very bearish session, closing very near its LOD, on extremely strong volume with BOP going to max-red. Cover your final loss with a close above the 50 day moving average, if the stock does not move lower immediately.
(chart)
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