Just a quick update on our virtual portfolio.

The Money Flow Index on the SPY is starting to turn over a little bit, which is usually an indicator of a counter trend rally. Therefore I decided to take some of the profits we have already made.

At the open, the portfolio contained the following:

SPY – 32 shares – $77.63
SPY – 32 Shares – $77.25
SPY – 63 Shares – 79.77

Today I sold both of the 32 share positions at the close of market, for a profit of $241.92, and $229.76 or a total of $471.68. I am going ot leave the over 63 shares open to try and hit the target of $65.92. I will also add to the position on any rally that fades before filling the gap at 3% above $73.93, or 76.15. I also moved the stop on the 63 shares to that level.

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