• Portfolio Management for August 21, 2017

     
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    On Friday I bought a long XLE position as I noticed that oil was bouncing off, pushing all energy stocks higher from very oversold levels. The stop is below the most recent lows.





    So far, the portfolio is invested 30% long and 30% short.





    The current positions are doing fine and the trades are supported by the EV patterns, except maybe for ADM whihc displays a positive divergence, indicating that we might bounce from here.







    The trade ideas for the day are below. I am mostly interested in buying IWM/QLD or TNA depending on the general market.