I have added no longs and no shorts to the list for Friday. 4 longs were stopped out or sold on Thursday. That will leave 7 longs and 14 shorts on the list. I have added a “sell” or adjusted stops to 1 long and 7 shorts. After all changes the list will have just 2 longs and 14 shorts.
Currently open trades have an average net of +0.8% on an average holding period of 4 calendar days. February’s performance degraded badly in final week of the month as multiple buy signals whipsawed. Just 54% of trades closed in February were profitable for an average net gain of 2.5% on an average holding period of 12 days. By comparison, the S&P 500 lost 3.9% in February.
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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