Some really weird stuff in the market today. The overall market was down, tech being one of the worst-hit, down 1%. But then on the other hand real estate and the financial sector made a beeline for the sky, up 3-1/2 to 4% today. Just a wacky divergence. Although the uptrend took a hit today, it could still go for one last run-up; sometimes it takes a while before a rally "realizes" it's over. Today marked 4 weeks of rally since the July lows, so timing-wise it's at the point where pullbacks materialize.
We bought QID today and lost TQNT and COF.
| Current Holdings |
| Ticker |
Basis |
Closing
Price |
Perf. |
Sell-Stop |
Addl Exit Guideline |
Chart |
| QID |
26.61 |
26.46 |
-0.6% |
25.92 |
N/A |
Chart |
| CWTR |
6.87 |
7.12 |
+3.6% |
6.99 |
N/A |
Chart |
Placing bets in both directions tomorrow.
New Trade Ideas
| Ticker |
Entry |
Exit A |
Exit C |
Chart |
| SDS (Ultrashort S&P 500) |
46.81 |
45.35 |
N/A |
Chart |
| FCX (Freeport McMoRan) |
65.46 |
62.49 |
N/A |
Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
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