Tim Bourquin interviews trader Andy Lindloff about a very specific way he decides how much of his profits to take out of a trade, while still leaving room for more upside should his position continue to run.
Yesterday's overly light volume gives Deron Wagner cause for concern, as does the considerable amount of overhead supply that remains from the pullback of the past two weeks.
One indicator that complicates the action in the overall market is the underperformance of the Nasdaq 100 as represented by the PowerShares QQQ Trust (QQQQ).
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It should not be assumed that the methods, techniques, or indicators presented on these websites will be profitable or that they will not result in losses. Past results are not necessarily indicative of future results. Examples presented on these websites are for educational purposes only. These set-ups are not solicitations of any order to buy or sell. The authors, Tiger Shark Publishing LLC, and all affiliates assume no responsibility for your trading results. There is a high degree of risk in trading.
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