Two of the positions I discussed on Tuesday hit their stops as the market rally took the day off.
Hindsight is 20:20. In retrospect I should have suggested closing CRM and FCX at the open. Both continued their weakness from Tuesday and both were stopped for minor losses.
The good news is the remaining five positions are nicely profitable and showing no signs of retreat
The Dow shook off its opening dip and rebounded to close positive. The S&P and Nasdaq rebounded but not enough to close in positive territory. I warned in my market commentary on Tuesday night we were do for a profit-taking day. Let's hope that was today and the bulls buy the dip one more time.
Current Position Changes
New Long Term Recommendations
None - Waiting for a "real" market dip, not a one day wonder
Current Aggressive Recommendations