DJIA -174, Naz -44, SnP -22. Those greedy profit takers. Oh wait, that's me.
The bad news is really bad, the good news is only encouraging. So I tightened up the trailing stop loss orders this morning; anywhere from a dime to 3% below yesterday's close. And off they went ... AMAT (+7.9%), CHK (+3.1%), CRZO (+8.8%), OMG (+23.6%) and YGE (-9%*). None of my options sold.
The plan is to curtail buying and close out the options as sanely as possible until conditions change.
The value-sales port has dropped to a 22.7% gain.
Reversal alerts: (t2) FPFC. (hlr) ASIA GILD KRA & WTS. In a better environment I could dabble in the last four based on chart patterns (and reasonable fundamentals) alone. Um, not now.
(*) Still net positive for YGE.
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