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My take for the week


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#1 CLK

CLK

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Posted 27 June 2013 - 01:45 PM

The weekly has moved down in a narrow channel, we are just approaching the top of that now. We could get a breakout next week, or we could get heavy selling to lock in the gains from the 2nd qtr, I have already made some money on this rally and still have an old long(previous hedge from the top) still open. I just shorted DIA around 150 and see how it works out, internals have topped out short term. Friday may see some end of week profit taking. If I am wrong, my hedge bails me out.