Portfolio Management for November 21, 2014

Yesterday's market bounce forced me to cover the TNA short at a small 2% gain. TNA indeed broke its pattern of lower highs and lower lows.



I also took a 1/2 long GPRO and a 1/2 long ZTS.
If the ZTS range breaks down, then we need to be out fast, because a big gap looms below.
The GPRO trade is based on the likelihood that underwriters will support the price back to $75 or slightly higher.






The trade ideas for the day are below. The pink ones are breakout trades. BWLD looks interesting.