Stubborn

This is no time to be stubborn with open positions, if the market opens strong tomorrow I will most likely exit the QID, if it's not strong, most likely i will give it some time. Monday mornings usually open with a bang, especially with the mergers that have been taking place as of late. I will be checking the IYR for underlying strength, I will not hesitate to cover quickly and re-enter at higher levels. In DIVX I will look to add on any encroachments of the gap.


QID, do i think the market will give me a profit in the trade? YES Yes yes, soon? maybe.
IYR, it should continue down but possibly from a higher level.
DIVX, a superslow buildup in this position, unless conditions change.


Lots of positive chart patterns out there, i will be looking to keep most trades on a very short timeline, and a short leash. I'm liking the health care sector and some energy's, not to mention select tech. There are some strong charts in individual stocks though also.


As always Remember......... "When conditions change so do opinions"