• Portfolio Management for February 24, 2017

    Yesterday, because of a strong Cumulative Tick, I hesitated to open a short IWM position when IWM bounced back into resistance at 138.65. I however opened the short position at 138.6 at the end of the day, when I concluded that large players was the move to follow and not the Cumulative Tick, which was probably the due to passive strategies following algos buying the dips.

    The Breakout calculator showed that shorting a breakdown through A38.65 was a good idea.









    Regarding the TWLO position, it is pulling back but not under real selling. I believe that it should bounce, except if the whole market sells-off.



    Note that ACIA missed overnight and is down much. I regretted that I did not buy the stock when I detected a small accumulation some days ago, but I would have sold before earnings anyway.



    ACIA will now require more time to attract new buyers, as has to work through the entire float, which will want to cut losses on any bounces.





    The trade ideas for today are below. We will see what the market has to offer.