Quick Update: Locking in Profits

Just a quick update here on some individual positions: 

TLT — TRIM on today’s move. No more than 1/4 to 1/3 left and a complete exit is fine too. 

ULTA — down to 1/2 at least here, looking to for $475+. If we see it, down to 1/2 at least, but down to 1/3 is okay too. Ultimately looking for $480+

CEG — $93 to $94 is ideal for first trim. ~1/3

Pat yourself on the back. This has been a damn tough tape for the last week or so. So it’s a good feeling to lock in some profits in these relative strength leaders!

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Disclaimer: Charts and analysis are for discussion and education purposes only. I am not a financial advisor, do not give financial advice and am not recommending the buying or selling of any security.

Remember: Not all setups will trigger. Not all setups will be profitable. Not all setups should be taken. These are simply the setups that I have put together for years on my own and what I watch as part of my own “game plan” coming into each day. Good luck!