The same concept applies to trading when riding a trend; always use Sell/Buy Stops whenever a trend appears to be reaching a turning point. That point can result in a reversal of the previous direction or simply be a temporary pause in that recent or long trend.
On Friday the following Buy to Cover were triggered but the stocks will be monitored closely because of their high probability of downtrend.
Buy to Cover triggered: Gilead Sciences Inc. at $50.52 and Pfizer Inc. at $22.77.
A Buy Stop has been identified for Gap Inc. at $27.36 and the previous Buy to Cover on General Electric Co. remains at $20.
All other short and long positions are still valid and can be seen below.
| Buy | Sell | Short | Buy to Cover | 22-Jun | Gain/Loss | |||||
| US | Date | Date | Date | Date | ||||||
| Google Inc | 5/4 | $596.00 | $571.48 | 4.29% | ||||||
| Sirius XM Radio Inc | 5/4 | $2.16 | $1.89 | 14.29% | ||||||
| Cisco Systems, Inc. | 5/4 | $19.12 | $17.13 | 11.62% | ||||||
| Oil Crude (Sweet) | 5/4 | $98.49 | $80.03 | 23.07% | ||||||
| JPMorgan Chase & Co. | 5/11 | $36.96 | $35.99 | 2.70% | ||||||
| General Electric Co. | 5/11 | $19.01 | $19.81 | -4.04% | ||||||
| Avon Products, Inc. | 5/11 | $20.19 | $15.50 | 30.26% | ||||||
| Pfizer, Inc. | 5/25 | $22.13 | 6/22 | $22.77 | -2.81% | |||||
| Sprint Nextel Corp. | 5/25 | $2.62 | $3.29 | 25.57% | ||||||
| Gap Inc. | 6/1 | $25.26 | $27.36 | -7.68% | ||||||
| Gilead Science Inc. | 6/1 | $48.67 | 6/22 | $50.52 | -3.66% | |||||
| CANADIAN | ||||||||||
| Royal Bank of Canada | 5/4 | $54.96 | $51.96 | 5.77% | ||||||
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