Portfolio Management for June 12, 2017

On Friday, I bought CELG early in the day when it reached the buy zone. I have mixed feelings about the stock as the EV pattern does not look too strong, but among the large biotech companies, it is probably the stock that has the most potential for short term gains, especially in terms of revenue and profits growth. If the market does not break down, there should be some rotation out of the big tech and back into the big pharma/biotech.



SWN continued to do well. I believe that it will push higher because oil prices are about to bounce. I only opened a 1/2 position on June 5 because the original stop was larger than 5%. Since the stop has been moved higher, I could increase the SWN long position without taking too much risk for the Portfolio.











The trade ideas for the day are below. Those in Yellow ate stocks/ETFs that broke out on Friday, but could pullback today. I believe that there could be some unwinding from the big tech into the much more attractive - in terms of valuation - traditional sectors such as materials and energy.