I had to leave mid morning today, so sold the gold and silver stocks PAAS, SSRI, and AUY where I figured they’d stall, their major ma’s.
KLAC just felt right. Little risk on the trade. R=.20 Sold 1/2 for 2R, and the rest for 4R. I’ve mentioned it before. When a stock or index hits the 50dma, they’ll either stall or accelerate higher. Check out the SOX index. Trading accelerated off the 50 day moving average.
