We enjoyed a 2% gain within a couple of trading days. We sold Facebook (FB) shares short due to the stock charts sending us bearish signals. We booked a quick profit because the QQQ’s were showing strength.
We are looking to sell Facebook shares short once again but we need to break support.
We are also looking to buy shares of Macy’s (M) which are currently oversold. I give a brief overview of the daily stock chart in today’s commentary on Facebook.
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