Hey Guys,
The market recovered some of its lost ground since my last email. Right now the S&P 500 is hanging out around 4,460.
My PHG position hit its stoploss this morning. It was going in the right direction yesterday and then gapped down overnight.
My BRO and REGN positions are looking good, though. That BRO position got within 5 cents of the profit target and then backed down some. Let's see if it makes it there at some point today.
I haven't taken on any new positions today. ROST from the watch list is the closest one, and I have buy limit orders open for it (for both stock and option purchases).
If you're looking for more trade ideas, you can look at the "Low-Priced Stocks" section of the triggered list. Those are stocks that have a price between $20 to $100 per share. I only trade stocks for companies that have at least a $10 billion market valuation because those are the ones that have the strongest results in back tests. But the stocks in this group still have a backtested edge -- it's just not as strong as the ones I actively trade unless the company has a large market cap.
If you have any questions or feedback, I'd love to hear from you.