It’s been a really good day, and although I’ve left almost all my positions intact, I have closed out a few. One of them was Chicago Bridge & Iron, which I closed because it came close enough to filling its gap (and making its measured move) that I figured it was sufficient. I’ve mentioned CBI a couple of times in the past, and this was a very clean set-up. However, when it’s this stretched, it’s time to cash out.
