Sold SMN @ 38.50

Sold SMN at $38.50 after a 10% move since Friday.  Not a bad start to the year thusfar!  I’m sure the markets could sink even further from here, but there’s no shame in taking profits.  Not in this environment.

Sold UNG @ 19.24

Stopped out of UNG at 19.24 for a 5% gain.  Markets are wonky as the new bailout plan was released.  Looking to take profits on SMN and possibly XLU later today.  Senate vote in about 5 minutes, or 12 EST.

UNG Forming Rounded Bottom?

You be the judge.  Here’s an intraday chart of UNG.  As posted earlier, I’m long UNG @ 18.24.  So far the position’s been holding very well with the market whipsaws.
 

Entries on market close – Friday 2/6

Long SMN @ 34.90
Short XLU @ 29.99
 
Markets are not appearing to enjoy the delay in the stimulus package.  I don’t care for the fact that the markets are heavily news driven right now and as a result have kept my positions very small with stops very tight.  Here are my stats for the year, thusfar.
 

Statistics

Stocks

Number [...]

Sold SRS (Half Position)

Sold half of my SRS position for a +5 gain.  I will happily take a 10% gain without hesitation.  10% gains with 2% losses?  I can still win with a 20% success ratio.