• Portfolio Management for September 14, 2015

    With the historical FOMC announcement upon us, I have to confess that I do not have much directional commitment.

    On Friday, I covered the two short positions (GPC and NVS) when I detected that the market was reversing, while EV did not display selling pressure on these two stocks.





    I also opened two new long position: BLUE and a 1/2 short ERY (ERY is an inverse ETF)

    Below is the BLUE EV pattern when I opened the long position



    Below is the End of day pattern, with the new stop level.



    The XLE MF was displaying a positive divergence on Friday, which decided me to take the trade.





    The trade ideas for the day are below. I like many of them and checked them one by one, but so much depend on having the market direction correct that I plan to have a balanced portfolio by Wednesday 14:00

    The ideas in Pink are Breakout/Breakdown on volume