This feels like a lockout rally is underway. It would not shock me if we go a little higher before a pullback.
Speaking of a pullback, we're making a change to our system tomorrow (likely no new fills until next week). Details below.
How to place it: enter a BUY LIMIT for CSCO at $103.17, sized at about 5% of your account, good for the day only - if it never fills, it cancels itself and there is no trade. Do NOT rest a stop order for this one - the $93.43 line only counts on a CLOSE beneath it (an intraday dip through it is normal and is not an exit). The sheet checks it every night and the alert bot calls it if it triggers. Sell at the NEXT MORNING'S OPEN - one of three things always ends this trade: (1) a CLOSE above the prior day's high - the bounce arrived (the level rolls forward each day); (2) a CLOSE beneath the protective stop printed on this card; (3) neither happens and the calendar ends it - sell at the open on Tuesday, October 6. For the calendar leg, set a dated market-on-open sell for that date.
