We went from short squeeze to no squeeze as tariff worries reappeared. The upward momentum from Friday's short squeeze evaporated as two Dow components erased nearly 100 points. The Nasdaq continued its upward move along with the Russell. We had only one position lose ground on Monday and it was only a 2-cent loss. The VXX did rebound slightly but it does not count.
Stop Loss Updates
Check the graphic below for any new stop losses in bright yellow.
We need to always be prepared for an unexpected decline.
Check the graphic below for any profit stops in green.
We need to always be prepared for a profit exit at resistance.
Current Position Changes
ACHN - Achillion Pharma
The long position was entered at the open.
If you are looking for a different type of trading strategy, try these newsletters:
Short term Calls and Puts on equities = Option Investor Newsletter
Credit spreads and naked puts = OptionWriter
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3-6 month Option Trades = Ultimate Investor
Iron Condors = Couch Potato Trader
Full updates on all plays on Wednesday and Saturday.
Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Updates on Current Positions