This is what a bounce looks like on a 10 minute chart. (each candlestick = 10 minutes) As I write IWM is up 2.25% so far on the day. With its timely buy signal, the IWM robot once again did a great job.
IWM's share price has moved up sharply on very good volume.
(Click on chart for easier viewing)
If the gain holds into the close we may rally for a couple more days. My personal inclination is to take some profits on strength in the current environment; so, adding a little descretion, I will sell one half of the position in IWM and hold the rest as until the next robot signal.
This blog post does not constitute an offer of investment advice. This blog is only provided for educational purposes. Please read the Important Blog Disclosure posted in the right channel bar.
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