The Wrap 5/19/11

{+++} It was a fairly boring day today, but we have a few stocks that are trying to go higher. I refer to IMAX, ESRX & THOR, all acted well today. MHS and AGP acted better too.

We took very small partial profits today in THOR 1/4 sold +3.5%, ESRX 1/4 sold +3.4 and IMAX 1/4 sold +3.5%. We also “squeezed a buck out of MOS for 1.5%.

It really has become a stock pickers market as so many sectors are weak and struggling. I stil likethe safety trade foe now as risk seems to have temporaily left the building so I have three good looking nakes that look good, all are in semi defensive sectors. Here you go: KMB, and JNJ

See the P&L page for entries and stops and to view trades that were made today. By the way, the Stocktwits Book is ready for pre-order. I recommend it highly (not just because I did a chapter), but because I truly believe it will benefit any trader interested in improving their craft. Some really bright guys from the Stocktwits stream contributed on this project. Here is the link.


Previous Post
The Wrap 5/18/11
Next Post
LinkedIn Meets the Short Side Next Week

Recent Articles