Tuesday, April 23, 2013

IWM Exit

As of yesterday the signals were pointing to some weakness in the first half of the day today, so the early momentum in the IWM was a bit of a gift, the position can always be re-opened later at better prices.

Here's the intraday chart...
This is the intraday chart, so far it looks like the exit was at the perfect time as far as momentum goes. All of the averages look similar this morning, I would not characterize the charts as negative, just short term (intraday) most likely.

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