Saturday, July 18, 2015

Market update

Previous update here

ST - Buy
IT - changed to Buy
LT - Buy

As we noted many times in the past on this blog, we simply hate IT trading. Especially this market since the bull market began in 2009. This market swings almost every month up and down. That is ideal for ST trading. But, at the same time, not so good for IT trading. LT investing on the other hand is good as the trend has been up except in 2011. IT trading was excellent prior to 2006. 

Anyways, we were down 2.5% on the previous IT trade. We have a stop of 5% should the stop hit our trade before the signal comes. Which means our portfolio is okay getting a hit of 5% on this trade. We wouldn't say "fine" but just "okay". If not for these IT chops, our portfolio would be in much better shape. 

Good luck next week! 

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