Market Pulling Back – Still in DIG, URE, FEED
Posted on March 24th, 2009 in Long Trade | Comments Off
The market is pulling back in an orderly manner which is to be expected in a bullish move. This is what I look for.
The URE pulled back more than I would have liked but it did so on lighter volume. Below is the IYR which is iShare Real estate index which the URE is based on. As you can see today we tested the high volume day on March 10. We went lower into that price range and closed above it which is bullish. URE is heading higher staying in the trade.
My FEED trade I entered yesterday acted great today reaching a high of +19% where I took some profits and raised my stop higher.


