Now I’ve got 3 longs and 3 shorts. While that may change before the close of the day, depending on what the market does, I’m currently at a point where I’m comfortable with the balance in the portfolio.
I went short on BRO just now, and the setup looks terrific on both the 5min chart and the daily chart. While there may be some question as to whether I hold my two previous shorts today overnight (SWHC & FB), I fully plan on holding BRo overnight.
Brown & Brown (BRO) on the Daily Chart:
Brown & Brown (BRO) on the 5 min Chart