The market gapped up overnight on the Greek news and I closed the two short positions that I had opened on Friday as a way to protect the Portfolio.
The short NBL and the long SDS positions produced a tiny profit.
I also covered the TASR long, as it pulled back below the low of Friday and was displaying a negative EV pattern. Usually, I try to keep stocks that pull back as long as they have a neutral or positive EV pattern, but selling usually attracts more selling.
I also exited MAS. We can see that MAS again appears in today's trade ideas, but on a further pullback to support.
Late in the day, I opened a long TREX, which was showing good accumulation. TREX and MAS are in the same sector.
The trade ideas for today are below. HPQ is an interesting short on a breakdown below support.
AVG is discussed here:
http://www.effectivevolume.com/showt...Cyber-Security
After conducting this long AVG analysis, I am still not convinced that the timing is right to buy even a breakout, because the sector is showing real signs of weakness.