There was no trade activity today.
Over the past few days, the overall market has been in a selling mood. We could very well continue lower for some time, but at our current overall invested percentage, along with our current trailing stop levels, our capital has downside protection.
Metals continued to sell with the market today. IAU and PPLT tested their current trailing stops, but remained or closed above by the end of trading today. SLV, however, wasn't able to regain its trailing stop value and will be removed during trading tomorrow. It's always good to remember that you don't have to liquidate immediately. If the market appears to be in your favor and the stock or ETF is rebounding pre-market, then I would recommend waiting and letting it trade. There's not going to be a perfect exit, but what's more important is that you adhere to the rules you've put in place. Below are the charts for IAU, PPLT, and SLV.
The other three long positions, MXL, MITK, & BERY, remain in constructive trends and aren't showing any visible signs of stress. Below are the three charts.
As the market pulls back, the watchlist has shrunk by a few names. The main screen and secondary screen have also seen a reduction in the number of stocks passing the screening criteria. This is completely normal and is what you want to happen when the market retreats. It's a natural way to help keep your portfolio in alignment with the general trend of the market. At the same time, it's still necessary to go through screens daily and maintain a healthy watchlist. Below are CEVA, WB, and UBNT.