View from the Top – Interim Stop Alert

View from the Top – Interim Stop Alert

Disappointingly, the selling in technology has accelerated mid-day, partially driven by a spike in 10-year treasury rates. If the S&P 500 breaks Friday’s low, we could be left with a failed rally and our stops would be triggered. Stay alert, as I will make a final decision about 15 minutes before the close.

This also qualifies for one of those WWSHD moments. When what should happen doesn’t is often a signal that the market wants to go the other direction. We will see what the market decides to do before the close.

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.

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