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Heading into Monday

Commentary

Since we didn't post to the Observation page on Friday, I thought it would be best to add a quick update before Monday.  The Watchlist page has been updated and will continue to evolve slightly for members of the site.  The goal is to make it effective but also efficient for members to find and execute quality trades.

Trading Summary

On Friday, we had 2 sells, ON and OLED, from the portfolio.  We did not have any trades issued from the watchlist.

Portfolio Summary

SUPN was the big winner on Friday, climbing over 11% for the day.  Many of our stocks closed the day higher with ORBK up over 3% as well.  There are several stocks that are in the portfolio which still have favorable entries: MSLI, RTEC, VDSI, TNP, FLY are a few.  When you have a moment download the open position's list and view these charts on both their weekly and daily time frames.  

Below are the charts and analysis for both ON and OLED.

ON was purchased on 5/28/15 and removed from the portfolio on 6/12/05.  The trade was initiated at 13.03 and removed at 12.32 for -3.29% loss.  The total effect on our portfolio was a -.18%.  As you can see from the chart above ON tried to move above the upper dashed line, but soon reversed and is now sitting under the lower dashed line.  We opted to remove ON from the portfolio and will continue to monitor the stock to see if it resets the pattern.

OLED was purchased on 3/5/15 at 37.68 and removed on 6/12/15 at 54.07.  During this time the stock appreciated 43.50% and added 2.46% to our bottom line.  OLED was removed from the portfolio based on recent price action which we generally see in stocks looking to consolidate or correct.  You can see the white price bars near the top which we use in making our trading decisions. These bars will typically paint white when a stock first breaks out, is going to consolidate, or is near a top.  OLED might very well continue to trend higher, but for now we have opted to lock in our profit.    

Watchlist Summary

Two stocks from the watchlist really standout as we head into Monday, CYBR and LIOX.  As noted last week we issued 4 trades from the watchlist which weren't added to the portfolio.  CORT, EVC, OXM, and BSFT are now being tracked and updated.  Below are the CYBR and LIOX charts.  We removed CRTO and RUBI from the watchlist.

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