Yesterday, I had to cover the DECK short when it was obvious that the stock was outperforming on a down day, and the CACI long was also exited below the stop level. I still like CACI though and might try to reenter later (around the LB level?) when the general selling settles down.
I entered a new IQNT long and a RIG short. I will keep tight stops on these two. We can see that sellers reappeared on IQNT after I purchased the long position. This does not look good!
I also entered an AMZN short, but since AMZN was not on yesterday's Table, I will not register the trade in the track record.
Today will once again be a difficult day to try to catch trades. The safer trades will be to short failed bounces, such as what might happen for BTU and BIDU. It will be more difficult to buy oversold leading stocks for a bounce (P, AWAY, TSL, FB, TSLA.) Many are broken, which means that a bounce, even though fast, could easily fail.