Editors Note:

Today's gain on the Russell is encouraging but the chart pattern is still bearish. Until the Russell closes back around 1,575 the pattern is one of lower highs and lower lows and still bearish. The 13-point gain today extended the rebound from the 1,505 close on the 22nd. It has been a battle with two steps forward and one step back, but it is progressing. Unfortunately the S&P is still fighting resistance at 2,815 and not providing much of a sentiment boost. There is a chance we could see another rally attempt on Friday but holding any early gains will be the challenge.



Current Portfolio


Stop Loss Updates

Check the graphic below for any new stop losses in bright yellow. We need to always be prepared for an unexpected decline.


Profit Targets

Check the graphic below for any profit stops in green. We need to always be prepared for a profit exit at resistance.





Current Position Changes


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Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.


BULLISH Play Updates

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