Beautiful breakout from this base. Absent a 5 minute surge where people mistakenly thought CDXS was an Ebola play this is the highest this has traded. It it is now doing so on its own merit.
Entry: 2.93
Bought the quiet I like what I see here.
Entry: 10.77
CLNT:
Not crazy about the fade but given today's broader market tape, I'll look past it. I love the volume surge here on news that within the last month CLNT has obtained over $20 Million in deals... not bad for a stock with a $13 mill market cap.
Do you use market breadth for timing bull or bear trades?
ReplyDeleteDoes it increase your probability of a successful trade?
Market breadth definitely factors into my trading. When tape shows buying intensity is slowing, I'll look to put some short ales on. If the breadth is bearish I still may take bullish trades but I reduce size or I will look for mean reversion entries instead of breakouts.
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