Portfolio Management for December 8, 2017

Yesterday, I covered the 1/2 RACE short position as I detected some EV buyers and with the market bouncing from oversold conditions, I felt that RACE would follow.



Below is the EV pattern after market closed, which confirms the expected bounce. This is even to the point that RACE is now a long candidate.



Note below that after the bounce in BEAT, I can now raise the stops. This opens the door to increasing the long position on a pullback.





The Trade ideas for today are attached.



Note in Blue that many long ideas are for oversold energy producers/drillers. These stocks however are sensitive to oil/natgas price changes, which are displaying negative divergences. Hence, it is not advised to enter long energy producers for now.