Big Wave Trading video lesson for Thursday’s stock market session.
The speculative long positions continue to disappoint. Thankfully, due to the market, we are only going to be leaving this trade with the tiniest of losses. It’s not ideal but one of these setups are going to produce another CRMD type run. I will just make sure not to pass on the next CRMD. Outside of the sell, the market remains short-term O/B and definitely needs to consolidate. However, priced out rallies have a habit of running farther than conventional wisdom would dictate. Price remains all that matters. Top calling is not what we do.
Speculative Sells:
100%: CARA – Closing below the 50 day moving average, fail, cutting losses.
