tradersams blog

Specialty Fashion open

SFH:  Opened a position in Specialty Fashion today at $1.47.  Hmmm… a share I’ve never owned before, and have in fact never heard of…

I selected this position today as it showed up as a high mover on my market heat map today.  I pulled up the longer term chart and was able to draw an uptrend thats been more or less in place since February this year… which makes it one of the early ones to break out.

What against it?  Well I don’t use indicators much, but I do cast an eye over them now and then.  This share is showing declining momentum over the last three months – not unusual given this is happening a it in the current market.  That said – I will follow my usual plan, and see what comes out the other end.

As an aside: System A had no new entries this week.