As we head into Monday, it looks like the market is going to complete a round trip similar to my vacation. It appears that Greece is going cause a little rumble at the market open tomorrow.
Although there were no sells on Friday, a few stocks are on the cusp of being sold from the TA portfolio tomorrow. MSLI will likely be removed while we continue to monitor the rest of the portfolio. LXFT continued higher Friday and cleared to new closing highs while several stocks this week have hit a few potholes in the road. Most of our trailing stops are above our initial entries which will give us a little breathing room to not overreact to the noise coming from Greece.
The watchlist longs are evenly split with 2 up and 2 down. Both CORT and BSFT are within a few pennies of their initial stops. It wouldn't be all that surprising to see both become sells tomorrow. I'm going to wait until tomorrow's close to update the watchlist with any additions and deletions.