Small pullback in S&P Friday, but many individual charts look really bad, telling a tale much worse than the one presented by the major indices. None worse than a couple of royalty trusts. Geez.
Talk about look out below. Goodbye to CYD, GNA, DGP. Hello QID.
Current Holdings |
Ticker |
Basis |
Closing Price |
Perf. |
Sell-Stop |
Addl Exit Guideline |
QID |
17.31 |
17.26 |
-0.3% |
16.93 |
N/A |
GDXJ |
26.01 |
26.09 |
+0.3% |
25.39 |
N/A |
BZQ |
23.01 |
23.96 |
+4.1% |
21.88 |
N/A |
One of you asked about doing a true short, so I'm going to debut one for tomorrow: EQY. It's probably going to be confusing since the table headings are geared for long positions.
New Trade Ideas
Ticker |
Entry |
Exit A |
Exit C |
DBA (Agriculture ETF) |
25.01 |
24.68 |
N/A |
CHN (China Fund) |
28.41 |
27.94 |
N/A |
ALTH (Allos Therapeutics) |
7.88 |
7.65 |
N/A |
< EQY > (Equity One) |
< 18.86 > |
19.63 |
N/A |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.