• Portfolio Management for December 27, 2103

    With the market continuing higher, it is difficult to find new long trades that are not extended way past a reasonable buy point. The only candidate for me today will be CPB (the same as yesterday.)

    I adjusted the stops on OLN and SCTY. I do not like the OLN trade, which is underperforming the general market.

    I am now in a "trade management mode" as I believe that today is the last day for traders to start selling/shorting the bounce in expectation of a reversal to the mean in early January.