Daily Swing Trades List for Friday March 2, Standing Pat With 14 Shorts, 2 Longs

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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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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