Friday, September 19, 2014

Closed SLCA Short.

This is one I wish I had back.  I nailed the entry yesterday. 72.35 .  There was very clear topping action.   SLCA popped in the Morning off of news that Goldman Sachs upgraded EMES, it then faded.  I covered into the fade at 71.52 because I was concerned that the sector might rally as EMES did.  Nope. HCLP and SLCA faded.   A one day gain turn out to be decent, but I need to let the set up play out.  The lesson learned is trust the chart.

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