EQ

Something is not right about EQ. I have held the position for a couple weeks. But that is not the issue. The issue is that since it made its most recent lowest low on 1/30 and 2/2, the stock has not moved with the kind of strength I would like to see. Plus, today it opened below its diagonal trend line which is setting off some bells and whistles in my head that perhaps the strength that I had percieved this stock to have is evaporating. My trading philosophy is that if you are unsure what to do, go to cash, and that is precisely what I am doing here. I am closing out at 35.82. Rather than staying in cash though, i am taking up a position in KALU. Not sure what they do, nor do I care. The trend in this stock is good. I like trending stocks that stay relatively linear. I am entering in at 26.05. My stop is just below the diagonal support at 22.50. That will give the stock some room to work. It also is an area of support on the 30 minute chart. Max position I can take is 570. Ill take 550 to make it more round. Here are a couple pics of the 2 trades.