After a nice three day rally, the market has leveled off today. With all of my short open positions I, obviously, am hoping for the market to drop the next few trading sessions, but we'll see how that goes.I will be watching both INTC and CREE closely and may sell them before they reach one of my previously determined exits. Both have broken the trend on which my initial decisions were concluded. I have sort of a personal rule where, if the stock does something I did not at all expect, be very cautious or get out entirely. I may enforce that rule on those two soon, but at the moment it is too early for me to decide.
As I posted earlier, I exited one trade today, and a few more are nearing exit points both profitable and stop loss exits. I will not enter new trades tomorrow, but will instead watch my open positions for opportunities to exit. Thank you for reading. I'll update immediately if I make any trades during the trading session.
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