• Portfolio Management for October 23, 2013

     
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    Yesterday featured a push by commodities- and gold-based sectors. This did not show on the sector selection except for AA, which broke out.

    I did not enter any Stock Selection trade yesterday, even though CIEN entered its Buy zone early in the day, as we can see below.



    Today, I will be watching the long/short positions set below. CVE is in the short list and could fall victim to lower oil prices. CIEN and DRI are in their stable supply zone, which means that they are not too extended and should resist a market pull-back from very overbought levels.







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    1. Pascal's Avatar
      For today's stocks selection, I am mainly trying to enter in the middle of the range.
      I am now looking at buying positions in STZ, CIEN and FNSR. The DRI position is already taken.

      You can see in Red my target entries. I always try to enter below the 5MA.
      Today's 20DMF is weak and this might continue tomorrow. hence, no need to eagerly open many new positions. Better have fewer one on a deeper pull-back.


      Pascal

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