EEE Update

EEE has significant profits in it, another example of a segment of the market that is delivering returns with little in the way of manipulation from the micro second HFT firms. This is increasingly a segment that we should be paying attention to. As I showed last night on Trade Guild, despite the Fed's manipulation, the last 3 trading weeks have barely brought the NASDAQ 100 up above half a percent-it's just not worth the risk and the seemingly more risky trades are the ones bringing in the profits.

Here's my last post on protecting the significant profits in EEE, whether you caught the original move at $.61 of nearly 700% return in a little over a month or the new trade issued I believe last week, you should be at a significant profit in EEE.

It seems profit taking is happening in EEE, yet we continue to see higher highs, this is why I recommend you trail a stop behind it.

These remain the stops I feel are best suited to the trade at this time

 Either a longer trend channel stop to give the trade some room, on a 60 min chart.

Or the 22 bar simple moving average on a 15 minute chart. To really tighten it up, you can use the 10-min in yellow.