Hubert Senters here.
Let’s take a look at TEAM. A little piece of software that helps people build software. Eventually it’s not going well over there.
I don’t know that to be true or flase. I’m just saying the price action doesn’t look good. Market has started to roll over and they’re getting a little weak.
And it’s approaching like last couple of days the first day or spring or something like that. The old adage on the street is selling may and go away.
You might want to sell an April this year. Let’s take a look at some potential targets to the down side. Most recent support right here is around $180 to $190.
This could pick up ssting to the down side. If you’re currently just long only you might want to start hedging some in your portfolio and you might want to get short some stuff because stuff does not go up all the time.
I know we’ve had one heck of a bull run for the past 10 years but it looks like it’s time for a pullback.
Now, it could be a minor pullback. It could be a medium one or it could get really sketchy and get scary and do a real hard going.
Unfortunately, you don’t know about that stuff ahead of time so you have to pretend and act like prepare for the best or I should say expect the best prepare for the worst.
So just tighten up on your portfolio some lighten up a little bit, trail some stop losses and look for some potential short opportunities.
Market Madness Traders Summit is still going on. I think it’s still going on until tomorrow the 23rd to the 25th so you got one more day.
Here is a list of your speaker list so go over ahead and register and then you can pick what speakers you want to go checkout tomorrow.
Good luck. Hope it helps. See you on the next video.
Hubert.
