Why am I sticking my head out here with the ultrashort SKF ? Because I think it will work. Many times you have to be patient and I am willing to be patient here the financial trackers seem to be breaking out but my caution sign is that the stocks are moving up on very little volume. Movement in price must be backed up with volume and to that extent I see no volume.
So that explained I might be alittle early on the trade but it is ok. SKF to new highs this year is my call.
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- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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