If you were able to watch my Weekly Market Report from last week then you will know that I was expecting the markets to sell off this week with an eventual rally towards the end of the week. I still think we will see a rally tomorrow and I believe this rally will continue into next week. On Monday, the markets will close early at 1pm and will remain closed on Tuesday for Christmas.
Below is a link that will explain this new position along with my strategy for managing risk, should the market turn against us.
The attached PDF file will show a detailed chart that highlights all of the buy signals for this stock while reinforcing the risk management details. Please be sure to review all of this material before placing any trades to your account.
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