I quickly sold the 1/2 AAPL position that I took on Monday and finally decided to sell the rest full position that I had bought last week as AAPL continued to display weakness, together with XLK.
WNR also opened on a downgap, but I still like the stock and used some flexibility when the stock reached the stop level. The reason was simply that the stats were positive for buying at the stop level. So why would I sell there?
I finally have decided to lower the stop of WNR. It could be a mistake of course, as we have the EIA report at 10:30 today.
Yesterday, we had two buy alerts. I avoided entering new long trades in a failing market accompanied by a negative Money Flow. On the short side, we had no alert as volume was low relative to the bounce volume of the most recent past.
The portfolio has only one long WNR position here. I do not intend to increase the position size. I always prefer to increase positions in winning trades.
The portfolio returns for the Month are shown below.
The trade ideas for today are below.