It's 10:40AM and basically all the "action" happened in the first 30 minutes..And you know how much we love that :-(
That being said, notice how today's movement so far has stalled at this key 17,830 area(Pink line and arrows)
Since then, the volume has been absolutely anemic..Why?
Because everyone is waiting for the pullback so as to get in at better levels.
Being that we're Pullback Traders, count us in that group.
As tempting as it was to jump on something we prefer more data points on each individual day.
Additionally, we have our CUR($3.10) to satisfy our wants for the time being.
That being said, we sold out this position at $3.54 this morning as both our indicators and what we observed in the chart pattern supported that decision.
Clearly it's essential that if you do utilize a service, that they're actually in the trenches of the markets and not doing something else.
Anyway, we have a whole slew of potential winner trades percolating in our filters.
**Update 2:20PM EST: We bought ARO early afternoon @$2.68 and under 2 hours later, sold it out at $2.83**
Perhaps it's time you decided to give us a shot....
Congrats to all our members that took +10% out of the market in CUR in under 3 days...
Additionally, we'll be uploading an educational chart on what we saw in CUR in our Premium Members section.