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Strategies & Market Trends : Underexposed Technical Analysis

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To: Underexposed who wrote (175)10/4/2017 12:16:24 PM
From: Underexposed  Read Replies (1) of 249
 
BGCP stalls.... VMO trips Limit Stop-Loss trigger at $12.89

Well it finally happened VMO stock price dropped to $12.89 and that triggers the limit Stop-loss.

VMO
Invesco Municiple Opportunity Trust
750
$12.89
$9,667.50
-2.27%

So we sell it at that price and take a 2.27% loss which is small though disappointing. HOWEVER, we combine it with the cash we had on hand and that gives us about $22,000 to put into a new stock.

I have a couple in mind right now but won't make a final choice until Friday.

I just thought I would say that this has been an extraordinary good week so far... We have gained about 1.5% so far and the week is only 1/2 over!



Look at that...almost $4000 in 2 weeks... nice....

BGCP stalling

Here is the trigger chart for BGCP as of 10:00am MST Oct 4



See that doji at $15.32??? That is the first sign of a slowdown..... doji's show indecision.

The indicators are still great. It is acting the best way possible...so far anyway. It is letting the Upper bollie catch up to it.

I am not touching the limit Stop-loss... we will give it some wiggle room. However, now we will see if it will trigger the sale or just rest a while before continuing its rise.... So far the indicators show it is only a rest. There is no indication of a reversal in the works, yet!

Interesting to see what will happen.

Great day... super week... so far anyway :)

Good trading
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