Good morning,
What a night. 4 bottles of premium sake shared among 3 friends and my head is still pounding. When I turned on my trading screen this morning I realized that I have placed another 2 positions of NOV at $42.87 and $42.72 last night. I am glad that one of the positions is in the money and the other’s loss is marginally, because the buy orders were executed while I was enjoying my sake.
So it’s time to evaluate the performance of KUTE’s selection. It was forecasted that DJIA will trade up amid volatility for the week. Last Friday’s closed was 10,270.47 and last night DJIA closed the week at 10,318.16. During the week the range was from 10,471.28 to 10.226.41. As for the selected stocks, I mentioned that NOV’s cycle chart was indicating upside gain but the candle formation was a black spinning top indicating decision, and my plan was to buy at dip and sell at target. NOV’s last Friday’s closed was $44.17 and the counter closed $42.79. The range for the week was $46.46 to $42.35. I had made a few profitable trades during the week and am currently holding to 4 positions. MGLN last Friday’s close was $35.18 and last night close was $36.23.The range was $36.87 to $35.13.
As for the rest of the stocks that passed through the fundamental selection but not the technical, CVX opened the week at $78.11 and closed the week down at $76.77, MIR opened $14.79 and closed down at $13.94, and ESV opened $46.26 and closed lower at $44.34.
See you next Monday morning for next week’s KUTE’s selection. Have a great weekend!
Francies Cheng
BBus MAppliedFinance
No comments:
Post a Comment