SOLD ARM $3.20, +1%
SOLD 1/2 CAEI $1.42, -29%
SOLD HW $4.14, -5%
SOLD FOS.TO $0.42, +8%
Continuing to raise some cash here in this uncertain time. Will digest what the markets are doing here and wait for the next move. Still holding onto the following strong profitable positions and will let these ride out as they have weathered the last selloff days pretty good.
EVVV +15%, IVW.TO +50%, KV.A +11%, PDN.TO +22%, WTN.TO 11%
Looking back at the charts of the stocks that I have sold recently makes me feel good as many of them have broken through support trendlines and either fallen off a cliff or are +10% lower from where I sold. I came out in relatively good shape from this whole selloff and I am waiting for confirmation here of where we are headed next. I'm looking at the charts of the major indices and I see some signs of weakness or rolling over. However if we can form some higher lows than the previous lows of late May and break above the highs of early June, I think this rally still has some legs.
I don't think I will be adding into any more positions right now unless I see a really got chart setup. However, I am also watching some of my previous stocks that have pulled back to their trendline and are now bouncing off for a possible trade to get back in. I have problems resisting the urge to always trade for the sake of boredom and excitement, but I will try hard this time to just sit tight on cash until I see more confirmation or a really good trade setup. Normally when I have done this, I've traded emotionally and have taken mediocre trades.
Here is a stock I'm watching for a break of a long term pennant: AMLN
SOLD 1/2 CAEI $1.42, -29%
SOLD HW $4.14, -5%
SOLD FOS.TO $0.42, +8%
Continuing to raise some cash here in this uncertain time. Will digest what the markets are doing here and wait for the next move. Still holding onto the following strong profitable positions and will let these ride out as they have weathered the last selloff days pretty good.
EVVV +15%, IVW.TO +50%, KV.A +11%, PDN.TO +22%, WTN.TO 11%
Looking back at the charts of the stocks that I have sold recently makes me feel good as many of them have broken through support trendlines and either fallen off a cliff or are +10% lower from where I sold. I came out in relatively good shape from this whole selloff and I am waiting for confirmation here of where we are headed next. I'm looking at the charts of the major indices and I see some signs of weakness or rolling over. However if we can form some higher lows than the previous lows of late May and break above the highs of early June, I think this rally still has some legs.
I don't think I will be adding into any more positions right now unless I see a really got chart setup. However, I am also watching some of my previous stocks that have pulled back to their trendline and are now bouncing off for a possible trade to get back in. I have problems resisting the urge to always trade for the sake of boredom and excitement, but I will try hard this time to just sit tight on cash until I see more confirmation or a really good trade setup. Normally when I have done this, I've traded emotionally and have taken mediocre trades.
Here is a stock I'm watching for a break of a long term pennant: AMLN
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