Portfolio Management for March 24, 2017

Yesterday, I send a message during the day regarding HRL. The stock indeed was continuing to bounce on a weak EV pattern and could have eventually hit the stop. I hence decided to move that stop higher.





We can see below that by the end of the day (after the Congress no-vote news,) HRL pushed back down.



I also covered the CVS short as I detected some buyers and to be honest felt that a 80% short portfolio could turn ugly in case of a political agreement.



We can see that CVS attracted much money by the end of the day.



BMY still looks weak together with the biotech sector.









The trade ideas for today are below. I am mostly interested in buying XLF/SWN, but it is a matter of timing and market direction. If we end the day without any agreement, I will not enter long positions.