My last week http://erickstern.blogspot.com/2013/09/russell-wednesday.html target for the RUT was reached today, as customary I had to overcome my what if symptom: what if the markets keep on going.
Anyway I sold at the close my UWMs with a 4% profit, not bad for 6 days work.
The Russell with an angle below 50 degrees looks like it could increase for a few more days before a correction that will allow buying again or shorting, the angle have not reached its max average value.
I had projected the SPX with a 0.60% profit from last Wednesday, the 2.15% gain contributed to my Russell sell.
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- Erick Stern
- I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write email@example.com Thanks, Erick