Wednesday evening

Wednesday Afternoon - Escaping ...

The market bounced a bit this morning.  It isn't making a big move and that's good (IMHO) as we do need to work off a bit of an over bought condition and build a bit of a base to move higher.

Wednesday Morning - HLF

Gator's Chart of the Day: HLF

Herbalife has bounced more than 14 points (58%) since Bill Ackman, with an assist from CNBC, announced he had a short position and suggested it could go to zero.  It didn't fall that far but it did move down over 20 points.  I don't know if he has covered yet but I hope he hasn't.

This stock looks like it has more upside but it is so news driven here that it's very risky.  If I had a position I would be keeping a trailing stop on most (maybe all) and using the previous day low to adjust it daily.