• Portfolio Management for August 15, 2016

     
    0 Comments Comments
    Last Friday started well for VNQ, but the subsequent selling from the OS$ 91 resistance level forced me out of this ETF. Such a strong intraday reversal (for this type of stable instrument) shows that valuations are probably stretched.

    As a matter of fact, this whole market needs a pullback.





    The trade ideas for today are below. I'll be off the trading desk today. August 15 is holiday here and I will have a family reunion.