The FMX position was also exited at the end of the day. Earlier, I had increased the position, which allowed me to exit at a tiny loss. I will only record the actual loss of 2.23% on the original position.
The reason for selling FMX was the weak EV pattern during the price bounce. I detected a similar weak pattern on many stocks that were up on short-covering.
I also sold ADM mostly because the stock did has not done much since I bought it about 10 days ago. The portfolio is supposed to keep a position for about five days. In hindsight, I have to admit this exit was not very good. Later on, the stock gained more.
The trade ideas for today are below:
The short UA idea is here:
http://www.effectivevolume.com/showt...9898#post29898
LB is also an interesting short idea on a BDV pattern.