The market definitely needed a little rest, so this is normal healthy behavior. Its also interesting to see that the McClellan Oscillator which measures overbought and oversold conditions, is quietly moving down to oversold. As you can see below, we are approaching levels where the market likes to pick itself up and muster a rally, so stay tuned.
I sold another 1/3 NRP today for +35.0% and the balance of YRD was stopped for a solid 66.1% return.
I added LB short today. The chart is weak and I am hoping we can get a nice trade out this before they report earnings in a coupe of weeks.
Please check stop adjustments on the P&L tab of the blog. See you in the morning.