We had another big winner on UPSTART from Friday. The stock has risen from 43 to over $50 in 2 trading days! Most of that was on Monday so even a day late was a big winner. I took profits on Monday. Not sure why the rise, but I am sure that I saw something brewing underneath the surface last Friday. 

There is actually a lot brewing underneath the surface these days, and its a mixed bag. I mentioned for the Monday update that violent reversals could happen in stocks at any time. I pointed out Amazon last week. Today it was AMD that reversed more than $12 off the highs. I am proceeding with caution on new positions. 

Thanks,

Joe

PS-Recently I opened up a new program that I have been working on for the past few years. At a key point, I tweaked the formula and this thing has been absolutely on fire. If you want to see the trades it is kicking out, click here.