Pascal
04-23-2014, 11:25 AM
The 20DMF was rather weak this morning.
GDX bounced and might be moving higher.
The Biotech ETF IBB, slumped down to 229 and is now back to 231. We can see that the TEV is rather weak and I believe that 232 should be sold if we come back to that level on a continued weak EV pattern.
I sold half of my position at about 230 and plan to sell the rest at 232.
Pascal
235792358023581
GDX bounced and might be moving higher.
The Biotech ETF IBB, slumped down to 229 and is now back to 231. We can see that the TEV is rather weak and I believe that 232 should be sold if we come back to that level on a continued weak EV pattern.
I sold half of my position at about 230 and plan to sell the rest at 232.
Pascal
235792358023581