Daily Trades List for Tuesday, February 6 Is Now +7.2% In 13 Days, Vs Market -6.6%

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91% of currently open trades are profitable. The average holding period is 11 calendar days with an average profit (including losing trades) of 7.5%.

Including trades closed so far in February 82% of all trades were or are currently profitable. The average holding period is 13 calendar days with an average profit (including losing trades) of 7.2%. The S&P 500 has lost 6.6% over the last 13 calendar days.

The screening algo generated no potential longs and 14 potential shorts for Tuesday. I added no longs and no shorts to the list. After closed trades there will be 1 long and 20 shorts on the list. I continue to tighten trailing stops on both shorts and the 1 remaining long as the decline progresses.

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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