I'm pretty mediocre as a trader. Please don't look at what I do for good ideas. I put this here so that I will think about my trades. Unless you really want to lose some money.
Nice pop this morning in the OIH. I still have my sell signal from yesterday. I was unwilling to hold this position overnight due to the data storm we had this morning.
OIH BTO Jul 170p OIH @ 170.6 close if OIH above 171.75
Strong ISM, confidence, and employment report numbers this morning. Nice pop on the open. But we are pretty overbought. What to do? Fading the up moves has been a losing proposition lately. I will keep trades small and stops tight.
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