Markets came back from a Brexit vote dip to close at a 4-week high. Resistance at 24,000 and 2,600 was broken intraday but after the Brexit vote it came back to haunt us but buying at the close maintained the breakout.
When markets rise on bad news it is good news for investors. That means it was already discounted and priced into the market. The failure of the Brexit vote had been telegraphed for several weeks but they still had to go through the formalities.
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.
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
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts