Red-Hot Nasdaq

The Nasdaq has been red-hot lately, hitting lifetime times pretty much every day. Well, enough is enough. I’ve turned my attention toward a couple of issues that are close to filling their gaps. Late in the day on Tuesday, I shorted Amazon (AMZN)…..

0110-amzn

…….and Facebook (FB)…..

0110-fb

I’ve set my stop-loss price level just above the gap close, which I’ve pointed out in both cases with a red arrow.

Disclosure: None.

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Chee Hin Teh 7 years ago Member's comment

Well Done