Today we added ON to the portfolio with a 3.29% position. Entry was taken at 13.03 risking .25% of our portfolio with an initial stop price at 12.04
You can see by the chart that ON closed down on the day and wasn't able to move out by the close. We've basically initiated a starter position with a little capital.
Unlike the prior day, most stocks were dull with the exception of ORBK and FLML. FLML is trying to steadily move higher and clear resistance that's hovering over top. HABT is still the lone stock on the hot seat right now. Intraday it did move below it's close, but managed to close in the green for the day. Patience will always be tested when we feel like we are wrong, but we are going to let it close below our stop before taking action.
There was nothing new added to the watchlist today, but a few are trying to setup for possible breakouts. We'll keep you posted if something changes.