I sold into the strength yesterday, perhaps a little recklessly considering how utterly unpredictable the market has become, but I saw two charts trading at or near the top of trend channels and the third trade was in response to the retail sector’s large bounce after Walmart’s report.
Here we have DVN, at the top of its trend channel.
Here is a chart of Medtronic, MDT. Not a terribly strong stock, nor at a very extreme level, but I still thought it was worth a shot.
This is RTH, the etf for the retail sector. I had a put previously, but sold for a profit at 92. I thought yesterday was a good chance to reload.
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