Editors Note:

The Russell gapped 3 points lower at the open, but the dip was instantly bought. This is encouraging since the Dow/S&P struggled to get back to positive territory. Small cap stocks were mixed but mostly positive. The losers were down only minimally. It was simply a consolidate and wait day.

I will be out of the office for the next several days and there will be no detailed play updates until next Wednesday.



Current Portfolio


Stop Loss Updates

Check the graphic below for any new stop losses in bright yellow. We need to always be prepared for an unexpected decline.


Profit Targets

Check the graphic below for any profit stops in green. We need to always be prepared for a profit exit at resistance.





Current Position Changes


XRX - Xerox Corp
The long position was entered at the open.



If you are looking for a different type of trading strategy, try these newsletters:

Short term Calls and Puts on equities = Option Investor Newsletter

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Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.


BULLISH Play Updates

No Updates on Current Positions


BEARISH Play Updates

No Updates on Current Positions