• Portfolio Management for February 2, 2018

    Yesterday, I opened a 1/2 long BEAT as the stock pulled back to support while displaying a positive divergence.





    The trade ideas for today are below. If the market doe snot crash, the best is still to buy weakness.



    Note that ICPT/SWN are speculative trade ideas.

    SWN broke below support. It displays some slight buying here, but this is not a long-term hold.





    ICPT is a biotech. The company has nice coming drug, but it has to compete with GILD, CELG and a few others that also come out with similar drugs. It is very oversold and should experience at least a speculative bounce. The EV pattern still looks weak though.



    ATU and AZZ look better as standard industrials stocks. AZZ issued a profit warning some time ago though. Hence the pullback. My concern is that they are not very liquid. Hence, they could drop very fast if ever liquidity is withdrawn (for example in a market crash.)