Using The Grind

Today’s buoyancy in the semiconductor sector, SOXX, gave an opportunity to assess the situation.

The decision was made to exit the short on the sector itself (via SOXS), and initiate individual short positions based on price action.

Some equities are stronger, some weaker; AMD is one of the latter.

With that said, AMD, sold short @ 220.18, as AMD-26-01 (not advice, not a recommendation).

Close for the session just happened to be exactly at 220.18, putting the trade at break-even.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279