I used today’s weakness to take some small positions in stocks from my primary watchlist:
I bought 200 shares of TBSI at $37.34
I bought 200 shares of OII at $71.25
I bought 200 shares of FWLT at $125.75
I bought 200 shares of AGU at $48.75
I bought 100 shares of GRMN at $105.50.
A reader asked me where I placed my stops for UA and SWHC. UA is under the 50 day moving average ($60), while SWHC is around $18.75.
I will most likely trim some existing positions today. I am mostly long momentum stocks right now, which could be risky going into the Fed meeting.