After closed trades there will still be no longs and 14 shorts on the list. It’s not comfortable to have no longs, but the charts have become disorganized, and there are no clear low-risk long setups. There are also few on the short side.
I continue to adjust trailing stops on the shorts as appropriate based on changes in the charts.
93% of open trades are profitable. The average holding period is 14 calendar days with an average profit (including losing trades) of 8.8%.
Including open trades and those closed so far in February, 72% of all trades were or are currently profitable. The average holding period is 13 calendar days with an average profit (including losing trades) of 6.2%. The S&P 500 has lost 10.2% 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.
Liquidity moves markets!Click here to learn how you can follow the money.
Market Update Pro subscribers click here to download the report.
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.