Hi MOJO Swing Traders, December and the Holidays are upon us there are only a few trading days left this year.
Now that the Holidays are near it seems the market is getting in a tired and in worn out mood.
As I mentioned, over the past 3 weeks MOJO will be taking a defensive and bearish stance on the market going into the Holidays. That play has worked out well for us as we capitalized last week on
TVIX and also NUGT.
MOJO Day Trading started just (1) year ago and the results this year thanks to my CANSLIM Strategy has been superb. The swing portfolio has shown a profit every month this year and it has gotten better and better with time.
This month has been very very good to us. We have scored (with scaling) on 41 trades and 38 are correct = 93% with an average profit of $760 and an average gain percentage of 11.08% and an overall profit pf $31,925
This year MOJO Model stocks have produced a nice $281,147 in profits for MOJO swing trade subscribers.
Now, this is the first week that I have NEVER put out picks or a watch list. WHY?
I do not think it is necessary. The market has been acting different and MOJO must adapt. I am not going to put out picks just to put them out. Some members are new and they do not have any of the model stocks yet and they might be waiting for some. But they will have to wait - as just as all the long time MOJO swingers know we must wait until the trades present themselves along with conducive market conditions that favor a high win percentage. I have no problem kicking back and waiting for a few trades to come to us this week just like they did last week with CAMT. Now, that was great trade.
Here is update on every stock -
ABCD -
Model has 5,000 shares avg $1.42 - stock is at $1.75 high $1.75 - adding 3,000 more shares here. See image#1
DGAZ - Model has 4,000 shares avg $8.27 - stock is at $8.50 high $8.55 - haven't sold any as I want where we sold yesterday - $8.90 and I think we can get it with little more patience.
GEVO - Model has 15,000 shares avg $1.15 - stock doing great $1.18 X $1.19 See Image #2
NUGT - Model has 500 shares avg $25.60 from yesterday - stock hit high of $28.21 sold on the reverse $27.75 avg. Will look to ren-enter another day - still have the 1,000 shares with the covered calls at $27.75
IPCI - Model has 11,000 shares avg $1.94 - stock doing okay today at $1.72 X $1.78 High $1.75 - Status = Holding
IPCI -
Model has 4,000 shares avg $3.42 - stock doing okay today at $3.23 X $3.26 High $3.30 - Status = Holding
EVI - Model has 9,000 shares avg $3.97 - stock about even today $3.30 X $3.35 High $3.50 - Status = Holding
MJNA - Model has 25,000 shares avg $.10 - stock doing well today $.108 high - Status = Holding
FROM FRIDAY =
CAMTEK - (CAMT) - We have a winner baby!! Model has 5,000 shares at $3.73 Selling 2,000 shares here $4.25+ and maximizing the rest - keeping it above $4.05 ($.20 cent reversal)
