There was a short signal for GILD today. Here is the market conditions:-
The Market
- $INDU was rejected from DP ( daily pivot level ), despite initial gains
- Advance-Decline level was falling from +200 to - 200, indicating the broad market was inclined towards bearish state
What I did:-
Gave break-even orer for AKAM long ( yesterday's play), at that point it was about 30p in profits;
Sellshort GILD as it had VWAP sell signal
It was amazing to see GILD falling and I saw MACCIs for 1min, 3min and 5min were quickly falling and eventually 'over-sold' in all three time frames.
It was time to cover GILD short!
