Wave Chasing

Honestly, I don’t think today would have been as bad if it had happened next week – the end of summer volume just magnifies these moves. Ah well, at least we’ve learned from the prior nastiness earlier in the month that panicking does no good. Hopefully tomorrow we won’t have any weird news from the EIA or mortgage surveys – bad news with this volume just blows.  Had the minutes from the Fed meeting sounded better, I think we could have had a hell of a rally after the release.

Brokerage was the big loser today, basically right in lockstep w/the S&P, retirement port was off, but not as bad as it could have been (yay for that QID position) and the main port was UP. YAY for dividends!!!!

Opened:
[a] IMCL, INTU
[b] PGR, EDD
1 from the other pick service

Month to Date:
Main trading port: -1.44%
Retirement port: -1.70%
Brokerage: -2.61%
BBE Overall: -4.84%
% of Trading Targets reached: -56.95%
I’m fucked ratio: 5.1 to 6.3
Long to Cash %s: 104.61% to -4.61%

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[a] Stockpickr 3×2
[b] Dividend plays