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Exit Ideas

August 27, 2019 by Don Roth

Pinterest Inc (PINS) daily

(click chart to enlarge)

It should pull back to around $28.50 so this might be a good time to sell the balance and collect profits.

Sonos Inc (SONO) daily

(click chart to enlarge)

It should pull back to around $12.00 so consider selling balance and collect profits.

We can always re-enter at lower prices.

There are a few others that are just not performing well and I have probably let them go too long so there will likely be more exits soon.

I think we are still on track for the second leg of the current broader market dump. This will bring most everything down with it. You can use SH, PSQ, SQQQ (3X) or other similar inverse instruments for hedging. I only use these very short term.

By the way, trading the projected broader market reversals this year (4 trades) has returned 41% vs 16% just holding SPY or DIA.

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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