Today's Trading Plan: The Wayward Dip Buyers

Founder of Share Planner • Jun 16, 2016 at 9:36 AM EDT

Looking for a better risk-reward opportunity to get short on this market - preferably off of a dead cat bounce. Currently 100% cash.

Technical Outlook:

My Trades:

Sold UPRO at $65.40 yesterday for a 0.6% profit.
Sold RHT yesterday at $77.12 for a 0.2% profit.
Sold CVX yesterday at $100.93 for a 1.9% loss.
Cut the long positions out of the portfolio once the market showed signs of wanting to give up the day's gains.
Did not add any new positions yesterday.
Looking for a better risk-reward opportunity to get short on this market - preferably off of a dead cat bounce.
Currently 100% Cash
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Chart for SPX:

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