I had a book-profits type of stop on VMW Friday, so when we got stopped out we kept a nice chunk of profit (1.11R). If you decided not to use that sell-stop, the more conservative exit is at 23.78.
| Current Holdings | ||||||
|---|---|---|---|---|---|---|
| Ticker | Basis | Closing Price |
Perf. | Sell-Stop | Additional Exit Guideline | Chart |
| BKS | 18.17 | 19.02 | +4.7% | 16.36 | N/A | Chart |
| CZZ | 3.91 | 4.18 | +6.9% | 3.68 | N/A | Chart |
Buying on the breakout hasn't always worked that well in the chop of this market, but it kept us from taking on new positions Friday. Even though conditions were ripe for a rally, the market chose to rest instead. You don't know what type of day you're going to get until you get it. Monday's signals, once again, look nice. Real estate, agricultural chemicals, and giving the gold short another chance. Let's see if we get a cooperative market.
| Ticker | Entry | Exit A | Exit C | Chart |
|---|---|---|---|---|
| CBG (CB Richard Ellis) | 5.41 | 4.75 | N/A | Chart |
| TRA (Terra) | 18.86 | 17.91 | 16.76 | Chart |
| DZZ (Ultrashort Gold) | 27.24 | 25.36 | N/A | Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
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