Finally Looks like a close above $86

So, it finally looks like the QLD will be closing above $86 per share as I had mentioned was the higher probability in my last post.  I would have loved to get in on it, but because it never waved down enough and went sideways for 2.5 weeks it invalidated any potential breakout entry.  I needed it to go lower than 82.  But them’s the breaks, so now I have to just sit on my hands and see what it does next.

Hopefully, this is not the beginning of a huge trend up and it will swing down soon to allow me a new entry.  In the meantime, cash is a position and my expectation is for some selling to come soon.  Most months have been profitable so far this year, and I expect June to be the same, I will be back in again soon enough.

I will not be on Facebook live again this week, with family visiting from Scotland it’s just not possible, however, normal service of my “Closing Bull” will resume next Friday.

Have a great weekend,

John