Post Market Update and Portfolio: $UBSI

The major indices tries to rally and avoid a distribution day but only the Russell 2000 was able to as it successfully finished in the upper third of its range today. As we updated earlier, we sold half our position in UBSI due to their pending earnings tomorrow. Earnings day can be volatile, so if you can’t be close to the market make sure you have a hard stop set which is currently near $35.25. Today served as a reminder that markets can and do go down and as a result so do open profits and losses. On an additional note, we have been coming across a few set ups over the last week or so, however, almost every one of them is running right into an upcoming earnings report so we have had to pass on them. Below is the updated portfolio link as of the close. Have a good evening!

-CJ

2017 Open Trades

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