Stock Picks Performance Report Monday, 8/10/15

The market gaped higher and drifted sideways thereafter.  All 3 indexes added +1% with the gap-up open. We only had 2 stock picks today – long and short stock picks netted +3% each.

  • 2 Wins: SYY, XPO

A few charts with entry signal highlighted at the time of the stock pick:

Stock Pick: SYY Type: Long Price: $37.25

syy stock pick 81015

 

Stock Pick: XPO Type: Short Price: $39.64

xpo stock pick 81015

2 Comments

  1. Jason August 10, 2015 at 9:22 pm - Reply

    I’ve been watching these picks for the last few days and they seem to be good. Last week you’ve had 7-8 alerts on average, however today there were only 2 alerts. What gives?

    • eStockPicks August 11, 2015 at 7:10 am - Reply

      Hi Jason – the markets gaped higher at the open and then moved sideways for the rest of the day. On SPY chart you can see this – it’s called Flag pattern. On such days there aren’t many day trading opportunities. Our stock picking algorithm only picked two stocks that meet all it’s criteria. Both the picks reached full profit target.

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