Let's Take Some Profits

Special Mid-Week Edition

Hey guys,

Quick update here on trades to make today (or tomorrow morning).

IONQ 0.00%↑ surged today and I’d like to take half our position off the table for an 83% gain.

And then I don’t like the chart of Allogene ( ALLO 0.00%↑ ) anymore. It’s having trouble regaining the 10-day moving average.

So let’s sell our entire position in Allogene for a 16% gain.

The market has made a nice move in the past couple days…. And it broke above the resistance level at 4,200 for the S&P 500. That’s good, but often times the first move out of a long trading range is a fakeout.

I’m looking to see if it can maintain the breakout for the rest of the week and decide what to do from there.

But the smart move now is to take some profits as the week progresses.