HABT was removed from the portfolio because it closed below our initial stop. RTEC was added to the portfolio today. The position was initiated at 13.14 risking .40% of our portfolio value. Our initial stop loss is set at 12.23. We allocated 5.78% of our capital to the RTEC trade. We also allocated 5.73% of our capital to VDSI today. Entry price was 27.35 with an initial stop value of 25.44 risking .40% of our portfolio value.
RTEC had a nice pop today. It has a little more resistance to go, but looks to be developing a constructive pattern. You will also notice the move out on the weekly chart. I know I harp on this a lot but the key to finding "fat tail" trades is discovery long basing patterns on weekly and monthly charts.
VDSI also had a strong move today which is why the position was initiated for the portfolio. VDSI is working on a large monthly cup with handle and if it does clear resistance could trend nicely for us.
We continue to see our trends stay intake and continue to move higher. Not much commentary for today due to the overall strength that we are seeing in positions.
The watchlist had expanded nicely over the past few weeks, so I thought necessary to highlight a few names for everyone. There's no commentary included, but the charts are marked with key price level information. Enjoy!