NASDAQ Composite Index, COMP, is in an upward trend. When COMP broke above the resistance level at 3000 it got a buysignal. I have a stop loss for my long positons if COMP closes under 3000. If it closes below 3037 will be the first sell signal. So that is also a good stop loss level. I will in a few days move up my stop to that level. If COMP gets a sell signal, the market can be also volatile. VIX index is now at very low levels. That suggests that most investors are unprepared for large declines.
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