Percentages of stocks in uptrend/downtrend/neutral

FB with the tech sector

No direction

No direction

I’m getting out of my three positions, 2 shorts 1 long at the open tomorrow. Still believe the market is kind of overbought however they keep throwing money at, we are not in the market fighting business.

My AES position was profitable, the STZ short is neuter and MAA short cost me money, so far no gain no loss in my portfolio.

Those stocks were changing attitude at the close today that’s why I’m going out.

Now all this rate and Fed business is never going to end it seems, tomorrow the same thing, so we can expect some volatility during the day.

My DIS setup did not work, no harm done.

Let’s try again this time with another unexciting stock.

What’s the deal here?

Good luck all

Short – Long – Short …..Long?

Ok so I have 3 positions in my portfolio 2 shorts 1 long. Here they are:

Graphs from stockfetcher.com

MAA is losing momentum, it broke below an important trendline and for the last four days it had shown disarray and indecision in its price. Unfortunately I can’t use a stop for shorting because what I’d really like is to short it when crossing the ema(21). As they say speculation is about anticipation. I am short MAA.

MAA is set to report earnings on October 29, ex-dividend date is over, in my news feed the only significant one is that  MAA was  maintained at Overweight by Barclays on 8/28.

AES is an utility, low volatility and high momentum, also it broke above the zone hovering over the ema(21).  With long and shorts I usually get out at the momentum indicator change. I am long AES.

Next earnings date in November 4.

My last short is STZ, you can look on the chart the breaking of an important multi point up trend.

STZ will be reporting earnings on October 3.

11:42 AM ET 8/26/19 | MarketWatch

Update: Constellation Brands Q2 Share Of Canopy Losses To Be $54.3 Million -- MarketWatch

Corona beer parent Constellation Brands Inc. (STZ) disclosed Monday that its share of Canopy Growth Corp.'s (WEED.T) losses will be $54.3 million on a net basis, or $38.5 million on an adjusted basis including a tax benefit, which will be recognized in its fiscal second quarter ended Aug. 31. Constellation, which made a $4 billion investment (http://www.marketwatch.com/story/constellation-brands-makes-additional-4-billion-investment-in-cannabis-company-canopy-growth-2018-08-15) in the Canada-based cannabis company last year, said it recognizes equity earnings from its equity-method investment in Canopy on a two-month lag. For the six month ended Aug. 31, Constellation said its share of Canopy losses was $132.5 million, or $77.3 million in an adjusted basis. Shares of Constellation rose 0.6% in premarket trading and Canopy's U.S.-listed stock was up 1.6%. Year to date, Constellation shares have run up 23.4% and Canopy's stock has lost 7.4%, while the ETFMG Alternative Harvest ETF (MJ) has slipped 0.6% and the S&P 500 has rallied 13.6%.

The general market continues up, the ideal buying price was on September 4 when in broke above the horrible  august trading range, that said, I believe the market to be a little overbought, who is to know?

My long candidate for Monday is Disney. Disney report date is on November 6. My stop buy is above September 12 high with the breaking of the small down trend line and the last close above ema(21).

Good luck, trade at your own risk, shalom