The Dow continued to rebound on the lack of tariff headlines but profit taking hit the Nasdaq and Russell. I wrote on Monday that we should expect to see some profit taking when the Russell and Nasdaq hit their old highs. The Nasdaq came within 4 points and apparently that was close enough for sellers to appear. The Russell did hit its prior high by one point and the selling was immediate. The Russell had been up five consecutive days. It was due for a rest when that high was tested. Despite the intraday declines on the Nasdaq and Russell, they are still bullish.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
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.
Current Position Changes
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BULLISH Play Updates
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