I did the planned selling of FLT, BRLI, DTV, SANM, SOHU and WBSN based on the poor weekend review of last weekend. The net on this was at least positive.
Fortunately I held onto XLF, YHOO and QQQ and just protected them with stop losses and decided to let the market decide when they should be sold….and they all held up well.
What did I see in my weekend review?
The 10-yr Treasury yield is at 2.16
IBD (Investor Business Daily) continues: Market Under Pressure
Copernicus Systems: Now up in some systems so mixed.... IMHO
Moneys Flows: All three still pointed own…all still in positive territory, but one is still near zero
Currently my "Stocks for a Trade" now consists of:
(All gains or losses shown are the total since purchase)
SANM sold for +5.68 % gain
FLT sold for +6.22% gain
SOHU sold for +1.21% gain
DTV sold for -3.10% loss
WBSN sold for -.24% loss
BRCI sold for -2.10% loss
ETF’s for a trade are:
What will I do?
I really am ready to dive back in but caution is this my guide. I will be looking to pick up IWM or the SPY or maybe both and I’m ready for IBB once again.
I hope you have a great week