Daily Trades For November 9, 2017

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With an average holding time of 11 calendar days, the average gain for all currently open trades, both long and short, is 4.9%. The overall win rate is 67% of total trades. Shorts are up an average of 5.1% with a 73% win rate. Longs are up an average of 4.7% with an average win rate of 61%. There are still a few more longs than shorts on the list and the algorithm generated significantly more longs than shorts yesterday.

The fact that shorts are 15 of 33 open trades and are working just as well as longs shows the lack of coherence in the rally, and is a warning that the rally is probably near its end.

Daily trades list update for November 9, 2017. New buys, sells, short sales, cover shorts, and updated stops.

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Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

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