We issued that buy alert the morning of the 11th when BMA was trading near its low for the day, and issued today’s sell alert also in the morning when BMA was trading higher than it is now which are the numbers I was looking at when I wrote the alert since that is how I track them. However, our data feed automatically provides COB pricing for all of our holdings regardless of when we actually issued the alert, which is what you see in the portfolio table. Regardless of which way you do it, it basically worked out to a wash.

Abhijit D,
“Don’t worry, be Happy”. John Murphy tells his readers what sectors are performing well
And is a career expert on inter market analysis. I get great info from him at Stockcharts.com. Just to make 1 example Dow transports are doing very well.
Yesterday I thought US steel symbol X could be up – and wow was it!
Cheers, remember we are in the best 6 months of the year.
And don’t forget, our fearless leader Jim Pearce is a man with a plan.

You got in at a better price than most of us today. 🙂

Yes it does, so it will be interesting to see how it reacts when it starts bumping into resistance near $26. If it breaks through that, then we may in and out of this trade a lot quicker than I anticipated.

Of all the current open positions, I’ll admit BKE is the most confounding since its current metrics don’t look that great yet the stock continues to appreciate. Also, none of the 7 Wall Street investment banking firms following BKE have it rated as a ‘buy’ (5 of them have it as a ‘hold’, the other are underperform/sell), so the current buying strength is a bit of a puzzle. But that also suggests there may be something else going with the stock so I am reluctant to unload it until I know what that is. One oddity about BKE is that 104% of its float is held by insiders and institutions, meaning almost 1/3 of the 15% short ratio is owned by them in addition to all of the outstanding shares. That doesn’t leave much stock for everyone else, which amplifies the effect a little buying (or selling) has on its share price. So, ether there is some short covering going on or one of its fund/institutional owners is adding to their position since (presumably) none of the Wall Street firms are actively recommending it to their clients.

Larryn I think this means that we have what is called Institutional support. This is something IBD of William O’Neil always points out is important for we retail investors.
Good catch Larry! I’d say its good for all members in the trade.
Buckle up haha

Here is a link to my newly marked up chart on BKE. http://schrts.co/IuabhI
what I want folks to do is go down to the RSI block and read the annotation.

Cheers