Another PSLV adjustment

So far PSLV is up nearly 5% since the early morning post about playing this as a long, so far the old NYSE day trader scheme has worked out as well. 5% isn't bad for a few hours. It's probably also time to take a look at this stop again.

Remember yesterday there was some positive divergences in PSLVso there's the chance this is part of a bigger move. You'll have to decide what tactic fits you.

 This is the 5 min stop we've been using thus far, and its worked out pretty well, my concern is that a consolidation may take you out of a trade that may  otherwise have more or perhaps significantly more upside.

Here's a wider stop channel intraday, it would still take you out at a profit if it was hit.

I see multiple 3C charts that suggest that this will move higher, perhaps much higher in a multi-day move. I can't reconcile that with the possibility of another surprise margin hike, but we have to make decisions based on what we know right now. We know about the margin hikes, we also know that there have been signs of accumulation in PSLV.

At this point, the 10 min chart (it's not the only chart with positive divergences, but I'd think as far along as we are into the trading day, it would be the most relevant) looks pretty positive and has had a good track record with positive and negative divergences.

In the white box is a leading positive divergence.