Editors Note:

The Russell managed to post a 6-point gain in a choppy market. This is very encouraging, but it did close right on that pesky 1,566 resistance. The Russell appears to be setting up for a breakout but even after moving over that level there is still the 1,575 and 1,600 resistance levels. Personally, I am excited to see these small gains because it is like the frog in hot water. The small gains will sneak up on shorts and reluctant longs as they continue to think resistance is going to hold. When/it the index breaks out the run could be powerful as these investors wake up to the fact that they are behind the curve.



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


INO - Inovio
The long position was entered at the open.



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


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