Given the developments during the week it was becoming clear to tighten up loose ends. Loose ends = positions not working as expected.
Stopped out of JOY long - ya know I could have waited for a clear break of the prior low at 52.40, but momentum is weak and this has really just done a whole bunch of nothing since I first bought it last summer.
Stopped out of HBIO long - During that whole biotech run this month the stock actually traded town. It re-tested the LT resistance line at 4.75 and broke below the mini base it formed. The chart still has bullish characteristics and is a candidate for re-entry. Maybe you can get a good entry now?
Stopped out of SWC long 12.75 - the volume this week was monstrous in a massive weekly engulfing reversal. If it bounces soon there's a H&S top setup waiting. We'll definitely keep an eye on it in the future.
Sold partial VIMC 3.45- when the china issue really came to the forefront Thursday AM I decided to take some profits selling approx 60% of the position. By Friday's close I wish I had sold the whole thing! Haha, just joking. The volume pattern is very bullish and I still want to let it run.
Sold GOGO 23.50 - This just acted iffy on the falling wedge breakout. After the minor rising channel broke down I decided to exit.
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