Encouraging action today, but we'll need confirmation tomorrow that the rally's for real. It would've been a slam dunk had prices shot up higher and with more urgency, but at this stage in the bear market, I don't think that kind of optimism is possible. On the plus side, the bears want the market to go up at this point, too, so that they can re-enter their shorts at higher prices. As for our current holdings, we pretty much sold all save one.
| Current Holdings |
| Ticker |
Basis |
Closing
Price |
Perf. |
Sell-Stop |
Additional Exit Guideline |
Chart |
| SWKS |
6.61 |
6.75 |
+2.1% |
6.14 |
Consider selling on a close < 6.62 |
Chart |
Not being terribly creative, I'm afraid.
New Trade Ideas
| Ticker |
Entry |
Exit A |
Exit C |
Chart |
| ATVI (Activision Blizzard) |
10.27 |
9.29 |
9.94 |
Chart |
| GVA (Granite Construction) |
36.63 |
34.86 |
33.58 |
Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
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