I opened an XLE long trade on a positive divergence, with a close stop. I exited the trade slightly lower than the stop level, on the small air-pocket.
The most difficult trade yesterday was the short CREE. I entered that short while LEV was very negative, but had to exit it in two stages. After market closed, I read somewhere that CREE had gotten a private upgrade by an analyst, which was the reason for the pop.
These "accidents" happen. This is why I keep a close eye on newly entered positions and exit them whenever they go the wrong way on volume.
REGN is a newly entered short trade that balances the ENDP long. However, we can see that REGN is attracting good money. I will cover that position today.
I exited 1/2 of the ENDP long because the stock is spiking into the top of its range and the EV pattern was slightly negative yesterday. I still like the stock on the long side though.
The short ORCL position is doing fine.
All in all, the portfolio gained a little yesterday, but I am still struggling to find stocks to hold for stronger gains. With the US$ weakness, Oil and PM could be a better place to be, but the PM sector is short-term extended.
The ideas for today are below. Nothing really interesting there. The NFLX entry price is very low, since they disappointed overnight.