I’m still in cash in my index trading account. This market is either ready for a blowoff top or a selloff and I can’t tell which one, so I’m chilling here.

Today I made some trades in OCNF, PRGN, SRS, and I sold my UNG. I sold UNG around the morning for less than 1% loss. The reason I sold UNG, is that my 60min chart turned red, but I see it went back green at the close. I will buy UNG on Friday if I remember and have capital available. Hopefully, I won’t chase some stupid thing instead.

I’m concerned that I might be buying a top here and nothing makes someone feel extra dumb than buying a top so that is why I’m using caution. I took my OCNF off for a scalp, kept PRGN, kept SJT, kept TELOZ. I stopped out of SRS for a 1-2% loss.

I tweeted a couple of nice daily chart patterns. PLLL, ANO, DNN, FCH, BEE (from RaginCajun).

The chart patterns on SJT and TELOZ still look great.

Thanks for reading

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