I’ve got two good looking breakouts today. They are both ultrashort ETFs with one tracking the semiconductor sector and the other relating to the Russel 2000 index.
I opened a short position on Boeing (BA) after the stock failed to close above resistance around $42 on increasing volume. There is a nice head and shoulders pattern forming. Post any questions you have on this move!
Here is some VSA on PALM that shows selling into the up-trend on multiple occasions. Comment with any questions.
