Portfolio Management for February 13, 2015

Yesterday was mostly a position management day, although I opened a short LNKD on a 1/2 position.

I closed the XME and CMG shorts as the market looked very strong. In such conditions, it is best to stay with what works and cut what does not. I also cut the long POT, because of the negative EV pattern and the fact that safer (dividends) sectors were under pressure. I still like POT though.

I think that for the near future, the energy sector is where we can make or lose the most: the two possibilities seem to be either a continuation of the short squeeze or a new sell-off.







Note that I raised the stops for RKT/XHB. It is now a matter of patience for these two positions.

I updated the RKT analysis here:

http://www.effectivevolume.com/showt...9435#post29435