Founder's Trading Journal Stop Hit on XLE by AF Thornton Jan 29, 2021 0 Comment While oil prices are holding up well, the XLE is getting caught up in the negative pale of the stock market generally. So we are exiting the position with the move today below the 50-day Exponential Moving Average. We will stay on the sidelines until the market is at a discernable bottom.
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AF Thornton Website: https://tradingarchimedes.com A.F. "Arthur" Thornton is an expert in logic, risk/reward quantification, market fractals, pattern recognition and asset class behavioral analysis with 34 years devoted to developing algorithmic and quantitative trading systems. In addition to trading his own capital, Mr. Thornton designs custom algorithmic and quantitative trading systems for a small and exclusive group of exceptionally qualified traders.