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Observation Update

Trade Summary

Today, four new positions were added to the Trade Anatomy portfolio.  IAU at 11.98, RWM at 63.20, SH at 20.60 and GBX at 20.68.  The first three were 10% positions and the last was 5% for a total of 35%.  Below are the charts.

Initial Stops

IAU is 11.55, RWM is 61.74, SH is 20.30, and GBX is 18.94.

Portfolio Summary

OLLI had a strong move to the upside today which helped offset the negative move in few of the long positions. Most of our current long positions remain in good shape except for EBIX. From the chart below you can see that four days ago, EBIX tried to move to new highs but reversed and closed down on the day.  Today, EBIX tested the support line (36.84). A move below this line would constitute removal from the portfolio.

Watchlist Summary

Similar to the portfolio, the watchlist also held their constructive patterns today.  ORBC from the watchlist which wasn't added to the portfolio continued to trend well. ORBC's stop can now be moved up to 8.95.  

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