CRM that I also sold did not collapse but is still under pressure. Earnings on Feb 28. I could rebuy the position on a pullback, but accumulation is rather weak here.
Yesterday, I bought 1/2 long TWLO on a pullback down into the buy zone. I only bought 1/2 position because the stock is volatile and the logical stop is 7% below the entry, which is rather far away. However, pyramid data is excellent and the EV pattern was positive during the morning price drop.
I also shorted IWM because of the very negative Cumulative Tick. I understand that I shorted IWM last week and had to cover the position. But last week is last week. If the Cumulative Tick crosses again over its average line or if IWM breaks to a new high, I will cover the position. In theory, higher rates are not good for small caps. However, a Trump tax plan would "surely" attract more creasy buying.
The portfolio is 50% long and 20% short. I understand that if the S&P500 continues pushing higher, the Portfolio will underperform, but if we experience a market pullback, the Portfolio will probably fall less.
The trade ideas for today are below.
NVDA could be interesting on a pull-back, but only if the EV pattern turns positive. For now, there is no accumulation.