$VSCO making it's next leg higher in an on-schedule extension -

VSCO is up 11% since 01/24/2024 after moving out of a longer-term bullish retracement. The price action has remained strong, triggering the sale of the first half of our VSCO inventory at $27.00 flat -

If the DXY continues to leg lower we could see another definitive risk on period in equities, theoretically giving VSCO the catalysts to achieve our target 2 profit level of $29.59/share before reaching parabolic phase.

I'm writing this 1/31/2024 - 4 hours prior to the FOMC, If the price action trades flat on the day (1/31/2024) and opens lower on 2/1/2024 we will consider managing that risk of reversal and potentially close out the rest of our VSCO inventory in the money before surrendering any unrealized gains.

( NONE of the information in this post should be construed as investment advice )

Commentaire:

We are currently HOLDING our remaining inventory in VSCO as of 2/1/2024

Trade fermée manuellement:

We have manually liquidated our remaining inventory in VSCO in the money at $26.31 on 02/06/2024