When is taking a loss a wonderful thing? Well, in this case it’s when you expect a stock market bounce and buy something as part of the market’s plunge but find mitigating evidence to your buy and quickly take a small loss to avoid risk.
Here is a screenshot from NFTRH 554’s NFTRH+ Notes & Charts segment (which, by the way, included a growing group of short setups)…
Aye aye aye… as the man said “this is not a market I care to be taking those bets in”. I got rid of it on Monday (wipes sweat from brow). There’s something to be said for decisiveness.
And here comes the cavalcade of downgrades from Wall Street shops.
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