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Trading Blog       Friday,  August 21,  2020

8/21/2020

 
BROAD STOCK MARKET TRADE ALERT  (2;30 pm EDS)

It looks like the NASDAQ 100 is breaking above 11,500 today and seems caught between that level and 11,550. Because we are now out of our reversal zone and above our stop loss (at the time of this writing) I am going to cover my short position in this market. It looks like there is a good chance the broad stock market could push higher into next week's reversal zone (Aug. 25 - Sept. 3). Covering (unloading) my short position in the NASDAQ now. I will comment more this week-end.



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