Wow, glad I sold that one. We stopped out of Monster Energy (MNST) last Friday when the stock broke the 50 day moving average. Thank God we did. Today reports came out saying that the extremely strong energy drink killed a 14 year- old child. (Stock is down 15% currently).
The market is also paring its losses, with the Dow down only 50 points. The Dow breaking the 50 today was huge, but we might be forming a hammer (bottom) on the 50 if this rally we are having at the moment holds. We are still taking no action today. Chart to follow.
