Patience….

This morning CEFL opened above the moving averages which is one of the five indicators. I am currently on sell signal but with so strong open and the other indicators close to a new buy signal crossover it’s tempting to jump the gun and buy. Patience…we now see price reverse back below the 20ma confirming the sell signal signal.

It did seem odd considering I had buy signal on gold and bonds which signals to me people are rotating into defensive positions. 

Half position in CEFL 

Long TLT Long GLD

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