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Well, we have an awfully boring market day on our hands. As such, I thought I’d share a boring (in a good way) short that is very easy to maintain: I just tighten up the stop a little each trading day. Good old Alcoa (symbol AA), and its wonderful analog:
I posted the chart below on Friday and support on this rising wedge held through to the end of the day. Whether it holds this morning may well decide the week. SPX 15min chart:
