Ready for a Bounce in Market: SKF, DDM, PWAV
My
SKF trade was on the mark!!!. Got in at $118 the next day as I said in my
SKF trading plan. It’s now up to $140…up over $22 or
+18% in a week. We are getting to highs very soon and I’m looking to sell at $145 and taking profits.
Shockingly the downward pressure is soft right now. Yes there is price action but there is no follow through volume. Look at the
DIA today we closed on 13.8 million shares versus yesterday of 21 million versus 27 million on March 17. Means each time we head down there is sell selling pressure. I expect a counter trend bounce this week into next for July 4th weekend. The DIA should bounce up to $123-$125. I will buy some
DDM (Ultralong 2x DIA) long in the morning.
Buying more PWAV again at $4.20..this wants to go higher.
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