• Portfolio Management for January 27, 2015

    We experienced a V shaped reversal yesterday, which forced me out of the two short position while they were still in the profit zone.

    I also opened a new IBB long which I closed at the end of the day, when IBB moved back down into the buy zone. I indeed felt that the trade did not gain enough to hold through a potential down gap today. AAPL's overnight earnings reaction could weigh on the markets. Hence, I prefer to be in cash than struggle to salvage a losing position.





    The trade ideas for today are below.



    FCX is struggling. They issued poor earnings but will probably avoid bankruptcy, which is why we can see accumulation.



    EBIX and WLK look more interesting.