Long
Re-entry after bullish run on Friday
Updated
Recent pull-back in NASDAQ from all time highs has exceeded 10% driven by falling treasury bond prices.
Friday saw an end of week rally into close. This morning saw another sell-off through the Asian session presenting an attractive re-entry opportunity.
Friday saw an end of week rally into close. This morning saw another sell-off through the Asian session presenting an attractive re-entry opportunity.
Note
Significant further drop on Monday but it didn't reach the stop. With bonds starting to gain traction, this trade is still looking very healthy. I have personally taken some small profits at 12,900, keeping remaining long position open. Will look to buy back in if we see another pull-back to sub 12.5k.
Note
Adding back into position at 12,850Note
Taking profit on half my positon at these levels, increasing chances of a significant pull-back as we approach prior ATHs.Note
Placing a stop-loss at 13,900 just below current levels for remaining position.Note
Final position stopped out on 14th April at 13,900Note
Just retro-eviewing this trade idea. I'm happy that I put in my stop-loss, but I have to admire the absolutely stunning accuracy of the original target price!
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