Sold Half CTSH. Raised Stops to Break Even.Trading Fam,
I feel that we are closing in on a local top here in the U.S. stock market for a while. My target on Cognizant Tech. may have been too aggressive above that 200 SMA and 350 SMA so, I've decided to sell half, capture any profits that I have, and raise my stops to break even on the remainder of this position. You know where to catch the remainder of my open positions.
This last move takes my portfolio up to 86% profit on the year. We've have closed the last 17 exits as profit with an average profit of almost 30%. Congrats to all those who have been following me and my new indicator over the past year. We've done well and I expect more to come, though, we may have to start looking at some shorts at this time.
✌️Stew
