Sold UGA (crossed below 50dma)
Covered VIV (crossed above 50dma)
Bought BMC (buy stop was hit, stock breaking out)
Here is yet another long candidate:
My portfolio is now heavily long stocks. This is because all of my shorts have died off, and my longs are prospering, so this is the direction my portfolio has gone in. I am NOT heavily long because I feel that the market is going to rise. I do not know what the market will do next week. I am simply adding stocks to my portfolio, and weeding out the losers. It just so happens that all of the losers are shorts. This tells me the current path of least resistance is up.
