Position Update

I dipped in the market today, adding a few more positions in the final hour of trading. Along with my earlier purchase of $GLUU, I decided to add $AZPN, which looks great, and $SXCI, which looks ready to preform the $100 roll.

The $IYR was just barley able to close above the 50 day moving average, but did. In my opinion, the close was solid, and the bulls have a chance to take the ball here. My gut says buy, and I did, but things could still turn on a dime.

Here’s a look at my positions:

$GLUU, was tempted to sell on the MSFT rumor, but the chart is still primed:

$AZPN, looking for a breakout here, will stop out with a close below the 20 day MA.

$SXCI: I’m looking for a breakout right here, with a target of $100+. However, I’m not giving it much room, will toss out on weakness. I want to see a solid move here:

$SVVC: supposedly this thing is trading under cash. With $FB and $YELP trading better I decided to take a shot at it. Will stop out if it makes a new relative low.

 

 

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