Thursday, February 4, 2016

Feb 4 - Closed out shorts on dip/ long biotech

Closed out SPY shorts from 2 days ago for small loss (I traded it poorly and should've taken partial profit on yesterday's dip).  Entered a long position in biotech via LABU.  I am not a fan of biotech longs for obvious reasons but the setup is too good to ignore.  Very strong positive divergence if it takes hold could give it a strong short term pop.

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