Interesting... the Canadian market is so weighted by Financials and Resources it can be difficult to get a real feel for the market... Nevertheless, we remain at a profit.
Let's take a look at where the portfolio is...
LLL.TO - purchase July 19 @ $58.75 closing the today @ $60.43, a 2.9% gain. I'm raising my stop loss to $58.95 to ensure no losses in this turmoil.
For July 20th, I'm choosing WFE.TO @ $7.59 with a stop loss @ $7.49.
UPDATE
So far, I have had four stocks up, one at even, and four losses.. for an overall profit of 6.2%.
If your interested in a more stable approach to trading, consider the weekly model at http://investinthemarkets.com/ where we cashed out (sold) 6 positions last week... 5 of which were at a profit. We continue to hold some healthy gains, including one at 24% plus.
See you tomorrow!
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