Tomorrow is Veteran's Day; while markets remain open, volume should come in on the light side. We got stopped out of TBT and CEF, both at prices less than the sell-stop on weak opens. We bought ZSL.
| Current Holdings | ||||||
|---|---|---|---|---|---|---|
| Ticker | Basis | Closing Price |
Perf. | Sell-Stop | Addl Exit Guideline | Chart |
| TWM | 27.58 | 29.21 | +5.9% | 26.99 | alternate sell-stop: 28.49 | Chart |
| ZSL | 4.81 | 4.76 | -1.0% | 4.61 | N/A | Chart |
| ICO | 4.36 | 4.58 | +5.0% | 4.36 | N/A | Chart |
Although the chart pattern suggests further upside, there's tough resistance overhead. The market has shown it can climb up against formidable chart patterns, so let's give it the benefit of the doubt, but keep risk conservative.
| Ticker | Entry | Exit A | Exit C | Chart |
|---|---|---|---|---|
| BQI (Oilsands Quest) | 1.27 | 1.17 | N/A | Chart |
| MS (Morgan Stanley) | 34.07 | 33.39 | N/A | Chart |
| TIVO | 11.18 | 10.91 | N/A | Chart |
| SII (Smith Int'l) | 30.22 | 29.16 | N/A | Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
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