The big news today was that China got smacked in the face.
Nothing like waking up With an ETF down over 15%. That said, I was prepared to take it to the MA, which essentially held (ok failed by .02) YINN rallied into the close.
There was a weakness in WUBA so I decided to close my calls and take the loss:
Other than that, I had a good day. Lead by FEYE which broke big.
2.90 nice close with strength.
I took a partial close in the AM at 7.80. I closed the remainder when it ran above 8.00 and then failed. A morning pull back is common and healthy in a breakout. A failed push after it regains its footing is not a good sign imo.
Entry 2: 16.81
Exit 1: 19:
Entry 3: 18.18
Exit 2: $17.48
I missed played this one a bit. My add yesterday should have been very profitable yet I let the position fade where I got stopped for a profit. Had I used the pop to sell out again, I could have added where I was selling. I still think this is in play to the upside.
ERI: closed not a position I really was into. I gave it a chance, the breakout was mediocre and since I had considered just closing it for a loss a couple of days ago, I'm content making a couple 100 on it.
TANH: Broke to new weekly highs. I took a partial sale at 15.34. As this is thin and my position was bigger than I had wanted.
EMES: Short 39.30