Taking Advantage Of The Move Today
I sold my RT and CAKE today into the strength.
Captured gains of 10.1% in RT and 8.1% in CAKE in 3 days. I’m probably early, I always am.
However, I’m not abandoning the sector. I want to buy into it on weakness. A similar pattern can be followed with biotech and the meat sector with stocks like CALM.
Retailers I’m into, but only for a trade. However, maybe they will trend from here. Gotta watch them closely because I don’t know what would make them trend. TRLG is up another 10% from when since the recent posting. Why the strength in retail? Is it related to the US dollar?
XLF – The XLF has a really nice daily chart pattern brewing. Must be related to the Dollar. Its working on breaking recent monthly consolidation.
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