We close RIGL today at 26.4 when the trend line established for last 4 days was breached. Another factor which weighed in was that after a huge run up initially in markets from fed decision, they all reversed and closed in red so we may be up for a new leg down in markets.
I will be looking for an entry in QID tomorrow if it takes out toady's high. I will also be looking an entry in FXY as I think Japanese Yen may be ready to run again.
The reversal in broader markets from their 25 Ema was a cause of worry and could put a downward pressure tomorrow particularly QQQQ which got rejected by its 11 day Ema today.
I will be looking for an entry in QID tomorrow if it takes out toady's high. I will also be looking an entry in FXY as I think Japanese Yen may be ready to run again.
The reversal in broader markets from their 25 Ema was a cause of worry and could put a downward pressure tomorrow particularly QQQQ which got rejected by its 11 day Ema today.
Total profit in RIGL .53/25.78 = 2.05%
No comments:
Post a Comment