It was an adorable little pattern on a quality stock that got beat up post-earnings for some reason. Taking 7% and this leaves only one bounce vehicle (medical device company and former customer of mine, BSX) and the energy sector (XLE), which I am still evaluating whether or not to sell. Profit taking is always in season folks. It is the reward for having the stones to buy when the momo players of the moment were hiding from the bear… who I suspect, is not quite dead.
Subscribe to NFTRH Premium for your 25-35 page weekly report, interim updates and NFTRH+ chart and trade ideas or the free eLetter for an introduction to our work. Or simply keep up to date with plenty of public content at NFTRH.com. Also, you can follow via Twitter @BiiwiiNFTRH.
