“However, bearish readings are very light, and I’d be more inclined to day-trade a weak to intermediate gap in either direction”
Jeff doesn’t usually make gap calls on the ETF Rewind nightly news letter and I pay extra attention when he does (see quote above). I took the trade and covered for a quick profit on the intermediate gap open. It was a good one again. Perhaps a new service maybe in the works?
Item of Interest: It is thin chowder out there. I see 10billion market cap company, ARMH, gapping up close to 2% on 4,000 shares premarket and other big companies like Sina move 4 points couple of times in an hour and bouncing around like a yoyo. Look out for quick whippy action! What if someone wants to sell a few shares? Yikes.
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