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Daily Update

Trade Summary

We sold EFOI today at 28.02 and had one new buy.  We bought back ACLS for the portfolio at 3.44.  Our stop is set at 3.05 with an initial risk of .50% of our portfolio value.  A total of 4.4% was allocated towards the trade.

EFOI has had an incredible run during a difficult market environment.  We entered the trade on August 5th at 11.18.  EFOI had really been moving since mid-June which by the bar count places it right at 10 weeks.  At the current rate of change, as well as, the white bars appearing, we decided to take our profit.  Net profit was 150.63% and had a factor of 9% for our bottom line.

Portfolio Summary

With the new trade today, that leaves us with three total positions.  LGIH continues to trend well.  It's currently to the plus side by 40%, but CCS continues to hover around the breakout point.  As always, we will continue to monitor and take appropriate action when necessary.

Watchlist Summary

SMED shot out again today, rising around 10% but we didn't take this trade.  As the trade progresses, an opportunity could arise on a pull back.  One stock that I want to highlight is AAOI.  We had a position in it during the first few weeks in August and like ACLS has reformed a constructive chart pattern.  We'll keep an eye on this one as a possible new trade.  Below is the chart.

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