After washing out Friday morning, the market came roaring back to close the averages green for the day. Long-legged dojis such as the ones painted Friday are stark reversal signals, so we can't discount the possibility of at least a short-term bottom being put in. However, if the rally ended on January 19th, the market should not get above last week's highs, so that'll be our exit point. We were stopped out of CYTR and into DXD and QID.
| Current Holdings |
| Ticker |
Basis |
Closing
Price |
Perf. |
Sell-Stop |
Addl Exit Guideline |
Chart |
| SRS |
7.61 |
8.18 |
+7.5% |
7.64 |
N/A |
Chart |
| MZZ |
21.11 |
23.60 |
+11.8% |
21.92 |
N/A |
Chart |
| DXD |
31.66 |
31.56 |
-0.3% |
1.18 |
N/A |
Chart |
| PSQ |
45.26 |
46.34 |
+2.4% |
45.25 |
N/A |
Chart |
| QID |
21.71 |
21.30 |
-1.9% |
20.37 |
N/A |
Chart |
New Trade Ideas
| Ticker |
Entry |
Exit A |
Exit C |
Chart |
| DVAX (Dynavax) |
1.56 |
1.44 |
N/A |
Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
2 comments:
Happy to see DVAX on your list. This one had a nice boosh to over $1.60 back in late Jan.
...and another to 1.80 in AH tonight. Oh well. Congrats to anyone who had their stops good in the after-hours session and got in (although that is not something I recommend doing).
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