Editors Note:

The Russell closed very negative on Wednesday and right on the edge of disaster. The index closed well under 1,550 and appeared ready to retest 1,500. The rebound in tech stocks lifted the Russell back to correction resistance at 1,566 with downtrend resistance just a couple points higher. Despite today's miraculous reversal the Russell is not out of trouble until it closes over 1,600 and that is a long way off with multiple resistance levels in the way. Enjor the rebound but don't get too comfortable.



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


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


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