After a week of leading the market higher, the Nasdaq has stalled at resistance. The techs were leading the market rally but they have lost traction and without their leadership, the rest of the market is fading. The Russell tried to help with a minor 4-point gain but overall the A/D line was almost perfectly flat. Volume was light at 5.9 billion shares and the weakest since July 23rd. There is no excitement and investors are waiting for that next headline to provide direction.
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
JNPR - Juniper Networks
The long call position was entered at the open.
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Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Updates on Current Positions