• Portfolio Management for October 6, 2015

    Yesterday, the market was much stronger than expected.
    I closed the WNR long because energy was over extended and WNR was at the top of its envelope.
    I also covered the SWI short almost at the HOD, but I had expected more weakness in the EV pattern.





    I opened a short SBH somewhat late after the short alert had been issued.



    I hesitated to short ILMN because the EV pattern was slightly positive.. to my later regret because the company warned overnight.



    I also opened a short GDX and a short ERX trade because both were extended and their MF was displaying negative divergences.







    The portfolio is now 50% short.



    The trade ideas for today are below. Since we are overextended, it is natural that mostly short ideas pop out.