Not much action today, SLV traded up but nowhere near my stop. REE was flat. Market rebounded without much enthusiasm. I'm looking at entering a few shorts of stocks that look week. I placed an order for BA
BA sold off hard below moving averages on the sell off earlier this week only to rebound up to moving average. This looks like a good risk to reward trade as the stock has traded flat for a month. I have a stop at the year high.
The weekly impulse shows a stock that is essentially in a sideways channel with the stock towards the high end of the channel. The impulse is blue allowing short positions to be initiated.