Post by Admin on Apr 19, 2015 12:12:18 GMT -5
A: KR sold off into support on high volume and shows signs of exhaustion when the sellers stepped aside.
B: The long thesis was bolstered when the buyers took control in the latter half of the session. But, the market opened lower the next day and I got stopped out.
I still like the KR long thesis and I am thinking it could rally before it makes any attempt to fill a gap. We will just have to see how it plays out.