We looked at this trade May 13/18 (yesterday), today we have a nice 10+% gain.
Here are the dates we looked at LEI as a long trade.
There's several nice longer term divergences which make me think there could be more upside.
15 min positive...
The 5 min is starting to lag, which can be expected with profit taking on a 10+% move in a day.
At this point, I'd be trailing a stop in hopes of catching further upside. This is a 22 bar simple moving average on a 30 min chart.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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