A Couple Of Things For Action Friday
The NDX is giving back yesterdays gain by resting its butt again on the big neckline of a big Head and Shoulders pattern. Once again, no trend taking over.
Second, the beta portfolio will likely be sold today if the ndx is down 13 pts or more. If thats the case I have to sell all my beta portfolio stocks and go short (which I will post Monday). I can’t jump the gun on this. It has to be done much closer towards the closing price. If the NDX can hold more towards flat the beta portfolio will hang on till next Friday.
KRY is possibly putting in a daily sell signal on the beta system (I’m seeing flashes). It gave a buy signal for today and now potentially (again we need to see what happens towards the close) a sell signal.
I’ll post closer to trade time.
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