We removed CCS today at 21.18. You will see that the price moved below the opening price on the breakout day (8/19/15). In the current environment using tighter stops are a necessity.
We are currently long only LGIH for the Trade Anatomy Portfolio. At present, most candidates are struggling to keep their heads above water. In terms of our overall strategy everything is going accordingly. When markets move lower over an extended period of time we are naturally taken to a heavier cash position. This cash position acts as our ammunition ready to be used when quality weekly setups emerge.
Although the watchlist is getting smaller and smaller during the latest downturn, there are still a few names that we are watching. Below are their chart.