Swing Trades List for Friday, Still Heavily Short, Average Gain 6.2%, 13 Days Held Average, vs. SPX Loss -10.2%

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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.

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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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