PM Update (3):
If you took an ES long around 1144 (about when I posted a recommendation for SPX), stops should be raised to 1160.75, a little over two points below 1163 and locking in a decent profit. So far, they are holding 1168, techs are still sluggish. Buyers have started nibbling at CSCO, GOOG and DELL. Always pay attention to the stocks that are green on a day like today.
If you took an ES long around 1144 (about when I posted a recommendation for SPX), stops should be raised to 1160.75, a little over two points below 1163 and locking in a decent profit. So far, they are holding 1168, techs are still sluggish. Buyers have started nibbling at CSCO, GOOG and DELL. Always pay attention to the stocks that are green on a day like today.
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