The minimal profit taking from Monday turned into major declines on Tuesday. Rising interest rates and weaker than expected revenue from Home Depot were officially blamed but I think it was just the pause to refresh after 8 consecutive gain on the Dow. Having North Korea cancel talks with South Korea and threaten to cancel the summit did not help.
Stop Loss Updates
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We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
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