Fun Fact #49
A company may choose to give out a stock dividend instead of the standard cash dividend in order to save cash.
I bought some WB at 103.5 today because I think the 100-105 support zone will hold. My stop is at 95, and my profit exit is at 135. That’s a risk reward of 4 to 1, which is a very low risk trade.
SPY broke-out above 270-271, and is now retesting that level. I suspect that if SPY closes down tomorrow, we will continue lower due to the false breakout.
DIA also broke-out from the 246-247 resistance level. Much like SPY, I think that if DIA closes lower tomorrow, we will continue lower due to the false breakout.