Running from the Doji – Closed FCX and XLF

There are a lot of doji candles in the market today.  FCX and XLF both have the pattern.  While a doji isn’t always a sign of a coming reversal, the risk is elevated.  For that reason, I closed both FCX and XLF.

I got .83 for the XLF and 1.18 for the FCX.  This brings the account value to $5730.   I remain bullish, but will take advantage of some selling opportunities into the weekend if I see the market gap lower in the morning.

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Posted on November 29, 2012, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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