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)…..
…….and Facebook (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.
Well Done