I am getting ready to head into the bellagio and wanted to give everyone an update on where we stand on these swing trades.
First of all it looks to me there a good chance the market will close in the green for the day.Its on the upmove now….and in addition the euro has been up 1% all day along with tbond now only down .25 percent from 1 %.
Teva is trading at 55.34 with the rsi(2) at around 14….it wouldnt surprise me to close out teva with a nice gain today…..if the market does close in the green its likely teva will be a sale at the close since the rsi(2) is on the move.
wfc is now trading at 30.21 with the rsi(2) still around 3 or so. It would take a pretty big move to close this position out at the end of the day.
I have my ipad with me along with logmein so I can monitor the charts while I am at the bellagio.
I will post an update if I happen to exit either or both trades today.