
We were stopped out of VXX.
Current Holdings | ||||||
---|---|---|---|---|---|---|
Ticker | Basis | Closing Price |
Perf. | Sell-Stop | Addl Exit Guideline | Chart |
SRS | 7.61 | 8.26 | +8.5% | 7.29 | N/A | Chart |
MZZ | 21.11 | 23.35 | +10.6% | 20.49 | Alternate sell-stop: 22.08 | Chart |
ALSK | 8.14 | 8.15 | +0.1% | 7.91 | N/A | Chart |
PSQ | 45.26 | 46.50 | +2.7% | 44.39 | N/A | Chart |
I focus on the 50-day moving average because time and again the market is drawn to it, and I still think there's a good chance the market will revisit the average soon (like this week). The two long ideas for Monday are intended as small bets. However, if market weakness intensifies, the average could be much lower before the market revisits its 50. There's a couple of short ideas for this scenario.
Ticker | Entry | Exit A | Exit C | Chart |
---|---|---|---|---|
SRS (Ultrashort Real Estate) | 8.43 | 7.89 | N/A | Chart |
SEF (Short Financials) | 45.41 | 43.91 | N/A | Chart |
BEE (Strategic Hotels) | 2.36 | 2.23 | 2.14 | Chart |
SOMX (Somaxon) | 2.44 | 2.24 | 2.11 | Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.