TJL - Trade did not work, failed to close above 42.00

TJL had been strongly supported at 42.00 except on three days. With a dividend announced and the quarterly statement that did not sound disastrous, could not hold the stock above 42.00 this time around. The Short Term Trade therefore failed as it came down below 40.90, and we now have to wait until a swing low is formed to decide on a trade. The Close at 41.00 is another psychological support that needs to be held.