SJM Follow up

SJM is another short trade idea from 2/28, we are looking for a break of the bear flag, a head fake break I feel is a bit less likely here and probably would focus more on a break of the bear flag.

SJM is close to breaking the flag, personally on initial entries I prefer the widest stop I can afford, which usually means taking on fewer shares in my risk management program as SJM "could" break the channel and then rally to kiss it goodbye, it will depend a lot on what the market is doing as the greatest gravitational pull on any stock (generally speaking)  is always the market first. So if SJM breaks down and the market follows with a continued break, a rally to kiss the channel becomes a lot less likely.

Any way, keep it on your radar.