Monday, August 8, 2011

DJIA -635

DNS -635, -175, -80.

Trades:

Looking ahead I don't like the prospects for oil related stocks with oil dropping to $81. I sold my CVI shares early today, -22.2%. That's way more than I'm used to losing on an equity position. I should have cut CPX loose too, but didn't. It's down 15% for the day.

Reversal alerts: (22).

I'd say if you have something you like, get ready to buy it when the smoke starts to clear. You don't need a reversal signal here to help you find good stocks coming out of a slump in a good market. It would be nice of you did, but that's certainly not the case lately.

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