A Trade A Day

What a great day. I finally got some assistance from the market with a down day on heavy volume. I’ve been anticipating more selling for some time now. Check out my WYNN Swing Trade and my Extreme Moves Post.

Tomorrow will probably be a quieter day based on the fact that the market moves in waves. Move, rest, and move will apply here. It also looks like there is more room to drop.

PCU is headed in the right direction, but I think that it’s going to bounce here. The bottom bollinger band has been pierced and the 50 day SMA is moving up to support the price. If the market continues to tank PCU will continue to follow. The reason being there are so many people in this stock. Continued drops like today in the overall market will kick buyers out in droves. I would cover in the 58 to 60 area.

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