• Portfolio Management for September 23, 2016

     
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    No trade yesterday! Markets are overextended. Hence, difficult to be long here and shorting is nt a good idea in a strong market, except maybe some specific situations. Still holding the GLD long position here. I moved the stop up to the purchasing price.



    The portfolio show a small profit this Month.





    The trade ideas for today are below. On the long side, I noted in Blue BABA. However, the probability that the stock pulls back to the entry level is less than 5%. The ideas in Yellow are ETFs. IBB/BIB are the same trade. In order to short these ETFs, we need to detect a weak Money Flow, which was not the case yesterday.