Strange Day
CVLT 15 minute chart
WPRT 15 minute chart
While I’m pleased to see that many of the long positions that I put on last week performed very well today, I was puzzled by some of the action in the high-growth stocks. Volume was muted and there seemed to be a general uncertainty across all the screens that I look at.
Take these two guys, for instance. CVLT had a huge bullish reversal on relatively high volume while WPRT had a bearish reversal on high volume. These were #2 and #3 in my high-growth CAN SLIM volume scan.
Oh by the way, my QID stop-loss was triggered today.
