Tomorrow morning, we'll exit $EOG on a touch of the upper volatility band, which will get us out of the trade after a holding period of under a week. The stock had turned Neutral from Very Bullish the day after we entered on an Oversold Buy Signal I just hope that tomorrow doesn't bring with it a failed breakout and vicious mean reversion. Today's price action was accompanied by very weak relative volume, so i'm holding my breath a bit. But rules are rules.
Today, we rang the register on INTC on a touch of the upper volatility band for a 36.17% gain. Yesterday, I took a trade on EOG, which had a Very Bullish Power Gauge, on an Oversold Buy signal. Today it has moved to neutral on what appears to be downward revisions on valuation scores. Nevertheless, I'll hold for a month or a touch on the upper vol band, whichever comes first. It would take a downgrade to Bearish or worse for me to get out based on the Power Gauge.
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June 2017
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