Fishbone Trade Journal

Any further deterioration in the stock price for BX and we’re going to get out for a small gain. We wanted to see if that support level near $30 held. We broke through to the downside on Friday.

This was a successful trade and we’ll be taking profits on Monday. We made almost 6% for the month with this trade. We don’t like that it couldn’t hold the previous high as support. We’re also seeing a bearish MACD cross. May look to re-enter the trade if it fills the gap and holds that support level.

We had a tremendous amount of upside momentum on this stock right out of the gate. It has since softened a bit. Any breach of the 50-day EMA will at the close and we will sell this position for a small gain.

This was a very successful trade and we’re up about 28% in a months’ time. We are moving our stop loss up to the mid-$63 range to attempt to lock in at least a 25% return.

ATHM is another good trade for us. We’re up approximately 18% in about one months’ time. The MACD has risen above one standard from the long-term mean. We will most likely be taking profits when a bearish MACD cross occurs.

This stock has not been good for us. They missed the mark on earnings and the stock has fallen about 11% from where we purchased it. With this one, the circumstances surrounding the earnings miss wasn’t all that impactful (revenue timing issue). We’ll most likely increase our position in this one once the stock regains its footing.

We’re up about 5% in a few weeks with LITE. On a bearish MACD cross we’ll start scaling out.

PKG is a solid performer for us. We will start to take profits on a bearish MACD cross. We’re up roughly 10% over the last few weeks.

SYF has been a complete disaster for us. We are down roughly 20% in the name after a miserable earnings report. Given the stock has fallen to severely distressed levels since being spun off from GE, it is trading like it is a company that is in major decline. Expecting 10% earnings growth in the coming twelve months and trading only 9x forward earnings, this has turned out to be a value play. Waiting to see what transpires over the coming weeks as this sell-off was way overdone.

We’re up 12% in TSEM this month. We’ll wait for a MACD bearish cross to start exiting the trade.

We’re up 6.5% this month in VMC. The MACD has just breached the upper one standard deviation level and that usually puts it on the watch list to take profits. We’ll be watching it trade for a few days/weeks before deciding.

Stock Watchlist

Joseph S. Kalinowski, CFA

Email: joe@squaredconcept.net
Twitter: @jskalinowski
Facebook: https://www.facebook.com/JoeKalinowskiCFA/
Blog: http://squaredconcept.blogspot.com/
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