Wednesday, January 20, 2010

Move Stop on TLT

Move GTC sell stop on TLT to 89.50 which puts the trade at a small profit. From a charting perspective the next level to watch is 92.35-92.50 where there is a window and an unfilled gap. I don't see reason to rush out of it today, so let's just move the stop up and then see what the next day or two bring.

On the stock indexes there is obviously major chop happening. It is a rangy mess. I haven't seen any solid candlestick reversal on the daily charts or weekly charts yet. No changes or new trades here at this time.

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