Learn the Discipline

The Model Portfolio opened three new positions on Tuesday and Wednesday in X, DECK and ESI. None of the existing positions were stopped out this week and all 10 open positions are profitable. The portfolio is about $22,000 of the $152,000 portfolio in stocks and the balance is in cash. As stated last week, now that the market has changed to a more neutral intermediate term trend from from down and we will use a pullback opportunity to a higher low to become more invested. With the bearish harami in the indices and many stocks on Friday, this week might present the opportunity to do just that. (click on image to enlarge)