I went into this week expecting some improvement. Boy was I wrong. My energy stocks got hammered (again) today. My winners, all two of them, were up less than 1%. DNS -118, -27, -10.
I'm trying to hang tight here and not lock in my losses just before the markets rebound. The other option is to throw in the towel and try to position my portfolio for a good run a little later. I think the forthcoming earnings reports and forward guidance will determine the action to take.
Some medical stocks are doing okay ... MNTA & LH. SKH topped my watchlist.
Trades:
Trailing stop loss orders fired off for RBCN (-2.45%) and WLL (-1.04%).
I sold the PTEN and XLE May calls in a small account.
Reversal alerts: (6) - all bottom bouncers.
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