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XLE and TSLA

May 31, 2017 by Don Roth

SPDR’s Select Sector Energy ETF (XLE) daily

XLE...2017_5_31d
(click chart to enlarge)

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A great trade set up gone bad early.

Price broke primary support again today on a daily basis. The monthly close was also below primary support.

Sell it and limit loss to about 3%.

Damn, it looked like a good one.

Tesla Inc (TSLA) daily

TSLA...2017_5_31d
(click chart to enlarge)

Price is going a bit parabolic. May have to take some partial gains.

Continue to hold…for now.

Hold all other open positions.

Trade Smart,

Don

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Don Roth

Don Roth, Smart Chart Investor

Recent Market Updates

  • Blow Off Top?
  • Major Announcement!
  • Trade Alert (BE)
  • Important Notice
  • Weekly Market Commentary and Pre Announcement

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