15Apr1:12 pmEST

Down to Half an X Now; Chess Moves

I sold another piece of my X long here at $27.21 from my $25.40 entry to scale more gains into this strength as the stock becomes short-term overbought. 

I am raising my stop-loss to my entry price now, and have roughly 1/2 of the original position size. 

I am also still short XLU, utilities, and down roughly 1% on the position as the utes grind a bit higher. The 50-day moving average is declining and just above price, which should be a big key as to with the trade goes for or against me this week, depending on how price reacts. I still view the XLU as a corrective chart, though. 

Standing Up to Tough Conditi... Playing the Relatives; Chess...


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