Daily Swing Trades List for Friday, February 16

I have added 4 longs and no shorts to the list for Friday. After closed trades there will be 12 longs and 3 shorts on the list.

I continue to adjust trailing stops on the shorts and they’ve been getting hit with good results. 10 of the 11 shorts closed this week have been profitable. I am adding stops to the longs as key support levels and inflection points become apparent. At the outset we need to give a little wiggle room for new picks to complete their short term bases for a move up.

Including open trades and those closed so far in February, 68% of all trades are profitable. The average profit (including losing trades) is 4.5% per 13 calendar days average holding time. The S&P 500 has gained 3.1% over the last 13 calendar days.

Here is today’s updated list including new buys, sells, short sales, cover shorts, and updated stops, as well as performance metrics for this month.

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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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