• Portfolio Management for March 7, 2017

    I believe that the general market will soon bounce from a slightly oversold situation.

    Yesterday, I opened a Long XME position when I detected a positive divergence. I will close the position if we break the $31 level (Stop at $30.7.)









    I hesitated to buy a long NVDA position as we got a buy alert. If the market bounces, then NVDA will move along.



    NVDA is close to its LB and the float turns only in 66 days. This means that if buyers come back in the market, the stock will bounce at least to the Neutral Boundary. This all depends on the general market.



    The trade ideas for today are below. Note that there are now a few interesting Buy_Oversold ideas. I will wait for the end of the morning to potentially trade these ideas. I do not expect the market to be strong for more than a few days.