• Portfolio Management for August 17, 2016

    Yesterday, I sold JNJ early in the morning when sellers started to appear... but mostly because we crossed below the stop level.



    In the afternoon, It was clear that the big money was selling market bounces. However I detected a buying wave in utilities. This is the reason why I opened a long SDS and a long XLU, which puts the portfolio in a neutral state.



    There was a "sell the close" in XLU, together with the rest of the market. This should not affect the Portfolio.





    I plan to buy weakness today.

    The trade ideas are below