I have added 2 longs and no shorts to the list for Thursday. After closed trades there will be 11 longs and 6 shorts on the list.
I continue to adjust trailing stops on the shorts as appropriate based on changes in the charts. 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, 72% of all trades are profitable. The average profit (including losing trades) is 4.7% per 13 calendar days average holding time. The S&P 500 has lost 4.3% 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.
Market Update Pro subscribers click here to download the report.
Liquidity moves markets!Click here to learn how you can follow the money.
Not yet a subscriber? Try the Market Update Pro including Daily Trades risk free for 90 days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Start your risk free subscription now and get instant access.
Enter your email address in the form to receive email notification when Professional Edition reports are posted.