The move in the overall market the past week is yet another perfect example of why you obey your stops and not your emotions. It is unbelievable to think that not only is the Nasdaq above last Friday’s open but the Nasdaq 100 is higher than where it opened last Thursday. That is the market we are dealing with now. Sudden extreme moves to the downside that forces new and inexperienced traders to sell it all right into the hands of the smart money. It is a common theme with this tape post 2008 that just when the charts look like they are about to break wide open the market snaps back and rallies in a v-shaped formation to new highs confounding market pundits. Get used to it folks. This appears to be the new norm. One day it will not be but for now it seems all too normal.

I am going to go over my GTC SELL STP orders meticulously on Sunday making sure I have every one exactly where I want them. If all of the new long positions I received this weekend (available under the New Positions tab on the site), along with a few names I want to buyback, fill on Monday I am going to be back to fully invested. I still have 15%-20% of my portfolio in inverse leveraged ETFs as they are all currently still working but I will make sure I work my stop orders so that I can leave some with profits, flat, or with extremely tiny losses if this market decides to take off to the upside. What a wild strange trip it has been the past 5-6 sessions. I am sure there will be more to come as we close out the seasonally worst period of the year for stocks.

Have an amazing rest of your weekend and great luck next week in your personal trading adventure. Remember, trade smart, trade well, and trade without emotion. Rinse and repeat. Aloha everyone.

TOP CURRENT HOLDINGS – PERCENT GAIN SINCE SIGNAL DATE – SIGNAL DATE

EBIO long – +172% – 5/26/16
CLR long – +142% – 2/11/16
GRAM long – +98% – 4/1/16
AERI long – +88% – 8/9/16
MIME long – +49% – 7/8/16
AOSL long – +49% – 6/14/16
HBP long – +49% – 3/28/16
SIMO long – +47% – 3/11/16
HNR long – +45% – 8/25/16
QLYS long – +37% – 5/12/16
ABMD long – +34% – 3/29/16
EBIX long – +34% – 3/17/16
FN long – +31% – 4/25/16
SSTK long – +30% – 7/6/16
JDST long – +27% – 8/11/16