If folks didn't get the Asians at or near their lows I would NEVER be "trying them" at their highs. You might wait for a break above consolidation (you must give yourself targets for a break above or below this consolidation) don't just enter haphazardly. You need to have a good set up and today at 11:30 was NOT THE TIME TO PICK UP THE ASIANS but rather near the open or above the 20 period moving average (37.87 to 38)
Building sector. RYL report coming out soon today and PHM reports tonight. Shorting the highs on Builders 3 days in a row but maintaining tight stops (which we posted) after gains. We might reshort a move to intraday highs, however with the RYL earnings coming out today and the PHM tonight, these are wholly scalp plays. Amazing enough the building sector p/e are UNDERVALUED and PHM is an earnings play for UPSIDE first (downside will come later)
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