FA La La La La

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The NASDAQ has been red-hot lately, hitting lifetime times pretty much every day. Well, enough is enough. I’ve turned my attention toward a couple of issues that are close to filling their gaps. Late in the day on Tuesday, I shorted Amazon…..

0110-amzn

…….and Facebook…..

0110-fb

I’ve set my stop-loss price level just above the gap close, which I’ve pointed out in both cases with a red arrow.

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