I am not sure how this works, but four days ago our Trade Triangles gave a sell signal for Starbucks. Yesterday, Howard Schultz, who is the chairman and CEO of Starbucks mentioned in his company's conference call with some less than stellar guidance for the future. This was enough to tank Starbucks stock in after hours trading. Check out your MarketClub chart on Starbucks and put in the monthly Trade Triangles and tell us what you think.
Have a great trading day.
Adam
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Yep, I just went long SBUX. This pullback was a nice opportunity to take a position, which I've wanted to do for some time. This company is a winner.