This post was just published on ZYX Global Multi Asset Allocation Alert.
QLD is long from an average price of $59. As of this writing it is trading at $104.03. This is a prime example of having patiently waited to buy at the right price and now selling it into strength at nice gains. The exit zone is $103.48 to $105.73.
If you want to keep it simple, you may consider exiting right here. On the other hand if you want to squeeze in potentially more juice, then scale out but put a stop right under the low band of the exit zone.
This post was just published on ZYX Short Sell Change Alert.
There is a long-term short position in TSN. The stock is falling on report of bird flu at one of its farms.
Consider taking partial profits on a 20% tranche of the full core position size in the zone of $59 to $61.88. Consider continuing the hold the remaining.
The long-term target remains $38 to $45.
The new short zone is $64 to $71.
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