TRUMP DELAYS ICE RAIDS FOR TWO WEEKS SO CONGRESS CAN REACH DEAL 
FED'S STRESS TEST SHOWS NATION'S TOP BANKS COULD WITHSTAND $410 BLN OF LOSSES 
S&P 500 INDEX NOTCHES 2% WEEKLY GAIN, BUT ENDS FRIDAY SESSION IN THE RED 
THESE FACTORS COULD DRIVE GOLD ABOVE $1,400 OVER THE NEXT SIX TO 18 MONTHS 
BITCOIN PUNCHES ABOVE $10,000 ON CME, FOR HIGHEST TRADE INTRADAY IN A YEAR-PLUS 
'STRANGER THINGS' AND EVERYTHING COMING TO NETFLIX IN JULY 
DOW INDUSTRIALS CLIMB MORE THAN 100 POINTS, NOW ON TRACK TO END AT A RECORD 
DOW INDUSTRIALS WITHIN SPITTING DISTANCE OF OCT. 3 CLOSING RECORD 
FED'S KASHKARI SAYS HE PUSHED FOR HALF-POINT INTEREST-RATE CUT THIS WEEK 
STOCK INDEXES LOWER IN EARLY TRADING A DAY AFTER S&P 500 CLOSED AT ALL-TIME HIGH 

Here's To Waiting

This is a Post from the Symbol Surfing Blog from Wed, Nov 28, 2018.


"The big money is not in the buying the selling, but in the waiting." - Charlie Munger

So in my previous post about ALK, I saw what I thought to be a golden cross, which is a bullish chart pattern.

The stock price actually dropped, which is just another reminder that stocks don't care about technical analysis, especially during market volatility.

As I waited ever so patiently, there was another earnings announcement on Thu, Oct 25, 2018.

The stock really started to run.

The stock price has moved further and further from the moving averages.

This tells me that a pullback could be coming soon.

So I am getting out today at around $73.

This trade lasted for about 2 and 1/2 months with a return of 18% plus a couple of quarterly dividends.

Let me know in the comments section!

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Wed, Nov 28, 2018 ALK @ $74.74