• Portfolio Management for March 20, 2014

    I started the trading day with FEYE as a long trade and URBN/DECK as short trades.

    Because insiders started to become "unlocked" yesterday, FEYE opened with great selling pressure, which basically decided me to sell the long position almost at the open.



    The consequence of that decision was that I had two short positions just ahead of a FOMC announcement, which is usually positively accepted by the market.

    Early in the day, URBN started to break above the resistance level on increased EV, which also decided me to cover the position for a tiny loss.



    Finally, I opened a new CACI long position in order to be neutral just before the FOMC announcement.



    DECK still looks weak here.



    The table for today and the list of trades/positions are below.





    The Portfolio Management trade statistics are shown below. We are still performing twice better than the S&P500, but it has been difficult to find good trades for the past two months.