Fallond Portfolio: AVR out

It was a short trip for this play. The risk was low given the proximity of the most recent reaction low, but Thursday's substantial market correction was enough to turn this into a half-a-day deal. The 500 share position closed for a -$379 loss (-4.1%).

Collective2

Fallond: CXTI out

China Expert Tech (CXTI) released earnings which put a serious damper on the stocks advance. The April 25th play hit a raised stop to close the 800 share position for a -$279 loss (-4.6%).

Collective2

Fallond Portfolio: CVO out

Finally, a day of selling hits the markets. I will be watching for Richard Lehman's updates to see what price channels are forming. Unfortunately, it was the Russell 2000 which received the biggest blow, destroying much of the work bulls had done to set the index up for a potential breakout.



The Trade Ideas scan just crossed the bearish side of the fence - not too bad considering the level selling reflected in the indices; the top 8 picks came in at 11 minutes (I consider anything above 10 minutes for this indicator as bearish), while there were only 3 picks on the "20-appearance list": Post Properties (PPS), Vicon Industries (VII), and ProAssurance group (PRA)

The selling resulted in another exited position for my Collective2 portfolio, leaving just two positions in play (15% equity: 85% cash). Cenveo (CVO) cut below tight support derived from April's tight trading; this resulted in the exit of a 400 share position for a -$227 loss (-2%).



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Collective2

Collective2: LNC out

Another Trade Ideas pick reached its 6% target. The 100 share lot closed for a +$419 gain. Equity exposure in the portfolio has been reduced to 27% from 44% in light of a market (the Nasdaq primarily) which looks to be slowly rolling over. The March-May gains have been good but it looks like it is time to turn cautious once more.



The Trade Ideas scan picked up its buying pace from yesterday's sluggish action. The top-8 picks covered 2 minutes. A "20-appearance" list would have covered almost 4 hours (stocks not shown)

Collective2

Collective 2: BKH out

Black Hills Corp (BKH) was another Trade Ideas 3:1 risk play on a 2% stop. The last four days have seen strong volume with increasing bullish strength. Bullish momentum could see it test a projected target of $43.50 but for my purposes the trade is considered exited. The 300 shares closed for a +$681 profit.

Collective2