This market doesn’t have a clue what it wants to do right now. When breakouts fail (KITE, ZIOP) it tells you that the market is tentative.
Yesterday I put KITE on the P&L at 62.75. Today it traded pennies from 68. If you are one of my traders, you took the profit. I am a swing trader so I stayed long. I did however send out an email alert that I didn’t like the action so I raised the stop. Its choppy now, so caution is key and I’d rather take tight stops than bigger ones.