• Portfolio Management for September 15, 2015

    Yesterday, I covered the energy long position when the XLE MF started to display a negative divergence.



    By mid day, I also opened a leveraged long SPY (SPLX) that I closed at the end of the day because the price did not really move and I was afraid of having to face a down gap the next day.


    I was closely following NUE as the stock issued a short signal at the open. However, on the bounces, the volume was not that strong and I decided not to short.





    Still keeping the long BLUE.



    As you can note in the list of trade ideas, almost all the short ideas where weaker (red arrows) while half of the long ideas were positive during the day even in a down market.

    This notes that the market was not directional yesterday and hence, most stocks were following their initial trend. That will surely be different on Wednesday: most stocks will react to the Fed and will follow the general market's reaction.



    The trade ideas for today are below. I will probably not trade any. Too risky going into Wednesday.