The screening algo generated 28 potential longs and 2 potential shorts for Thursday. I added no longs and no shorts to the list. I don’t like any of the charts.
After closed trades there will be no longs and 14 shorts on the list. It’s not comfortable to have no longs, but the charts have become disorganized. I’m looking for clear, low risk, high potential reward setups, and there are none right now. I continue to adjust trailing stops as appropriate based on changes in the charts.
94% of open trades are profitable. The average holding period is 15 calendar days with an average profit (including losing trades) of 6.7%.
Including open trades and those closed so far in February, 75% of all trades were or are currently profitable. The average holding period is 14 calendar days with an average profit (including losing trades) of 5.5%. The S&P 500 has lost 5.5% over the last 14 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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