I did not make a trade today. I watched as (RPRX)ripped in the pre-market. I almost loaded an order at 1.40 but am loaded down with longs now and do not want to do much until I lighten up some. To pain me further, (CHIP) got news of a patent approval and ripped in the pre-market right after the momo in (RPRX) was dying out. Again I watched and missed a nice run from 2.40 to 3.00 cross. The daily was set-up perfect in a falling wedge pattern for a nice pop...my instincts said to buy but my bloated long list said, "no more". I need to peel some of these longs so I can clean my plate and be ready for these opportunites that seem to come daily....it's costing large potential gains.
The futures are up after (AA) reported a nice earnings release. The shippers seems to be in favor now and commods and global growth are nice. Throw in some energy and we are good to go, but today's petroleum report was a mixed bag with a much larger draw on crude than expeced but much large build in gasoline and heating oil.
Let's see if the momo will continue tomorrow.
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