• Portfolio Management for April 6, 2017

    Yesterday, I completed the BLL long position. The average entry price is 73.26. A natural stop is just below $72, but with the general market weakness, I prefer to lower the stop at around $71.



    What I like best with BLL is the very strong EV pattern, which is stronger than in the past six months. We can see that accumulation started after the pull-back in February (Pink arrow.) BLL is a 12.7B$ company. Since the start of the accumulation, the LEV pattern shows a positive imbalance of 118M$. This is about 7% of the value of all the shares traded during that period. This is twice the historical maximum accumulation that is at 2.8%.





    The trade ideas for today are below. There are quite a few companies that broke down yesterday but might bounce back into a short zone today.