Despite a tepid market and three exits, the portfolio made slight gains today. However, today was set to be a very bullish signal that was doused by a reversal into negative territory for the overall market. For example, I was ready to enter $GOOGL (Google) on a potential breakout, but the fade today has prevented that. I'm also still waiting on $AMZN (Amazon) to break from it's downtrend.
$RAI (Reynold's) however, is interesting. It's 45-day moving average has held significant sway over it's course either above or below it. It's strongly broken above that, and held on. It's last low was at the 138-day, and that will be our initial stop.
I've also gone through several holdings and improved their SMA stops when they were double digits above the current stop level, as that's a risk I do not want to take on outside of highly volatile names.
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