IWM Trade Exit

I pulled off the IWM trade at 2.60.  The gain was nice put I would like to free up cash to put to work in other areas.  I continue to hold on for the HD ride.  The stock is holding the upper bollinger band and with a new 52 week high there is very little technical weakness.  An argument can be made that HD is overbought but with the $$ gains and the technical strength I am holding out on the trade a little bit longer.  No new entries planned for today but will look to put the IWM gains to work tomorrow.

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Posted on January 23, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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