As the day passed, the sell-off intensified, but I decided to keep the positions as there was no evidence that pressure was monting.
I also opened a new 1/2 long on HCLP. This is of course risky as the stock is broken, but it is so oversold that a technical bounce is highly probable.
I also opened a short DKS on a trade signal from the Stock Selection system.
The Portfolio is now 50% long and 20% short. I would like to add to the long side.
The trade ideas for the day are below
FB is interesting on the long side. LOW is a Breakout On Volume type of idea.