Daily Review
indexes close weak but some stocks still acting strong. Which way is the divergence going to resolve?!
POSITIONS
More of the same today really.
Volatility remained high with FOMC and PPI, not that we needed a reason for extra volatility!!
Overall positions acted well and we still have a basket of stocks looking strong but the divergence to the indexes is growing and at some point one is going to catch up to the other, question is which way?!
I stopped on AMAT breakeven and took a small loss in BE TER.
VRT
Still holding well above 10ema just can’t get going with the weak market
DELL
Pulled in a bit today but still above 10ema. Got a little stretched from 10WMA so see if it can remain constructive whilst that catches up
GEV
Showed some good strength today. Weaker close with the market pulling in but good day overall
SNDK
Hit a new all time high. Down after hours with MU earnings though.
TER
Held MA’s on the back test. I took a small loss trying an add and put it back on which is currently a little underwater. I’ll treat it separate to buy from lower for now. Stop is a little under low of day
Still a basket of stocks holding well overall and some even some showing strength but most are going to need the market at their back eventually to advance meaningfully higher.
Newer buys have been tough lately and doing little to nothing has likely paid dividends.
Outside of a select few stocks with precise entries the going has been tough for a while
