Not trying to add any risky position at this level.
I am very confused between GILD and SFLY. GILD is a momentum player, it had a great run in last month also it has big support of IBD followers. SFLY doesn't have momentum following but it has a decent volume in last two weeks this looks to be decent pullback entry at this level. Looking at market condition I don't want to add high risk position.
I am thinking about adding light position in both.....
GILD - (Looking for safe entry.... will be surprised if this get filled...) Entry 53.94 ( in bull market i would have entry marked at 54.31) stop at 52.91 and cover at 56 or 57 (Major resistance.... that forced me to only look for light position.
SFLY - entry 26.60 stop 25.62 with cover price at 32.
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