Here are the charts I posted throughout this past week. I am going to try and do this (good and bad) each weekend as my time allows. These percentages are calculated only based on last Friday's close versus this Friday's close. Big winners were VNET, VELT, and RLOC. I traded VNET although exited it yesterday. VELT is one I missed today as I already was as invested as I felt comfortable with. I also missed RLOC today because I had too many positions but it was a nice one-day move. You're not going to win them all I guess. My overall account is doing well however (all-time highs and up about 14% for the year) so I am happy.
|Close 1/27||Close Today||% Gain||Notes|
We are very extended here in a number of ways (which I will discuss this weekend) and although I still have two long positions, I took profits on several others today and will likely sit back and wait for a bit of consolidation before getting aggressively long again. We may just keep chugging higher early next week, but a few days of rest could form a beautiful flag on the Nasdaq and allow some of these runners from the past week to set up nice flags as well. If we do keep chugging along without rest, I'll keep most of my trades very short-term until the rest comes. We'll see what happens. Take care and enjoy your weekends.