Open Long Positions:

CBOE Holdings (CBOE)
  • CBOE was a monster this week rising 9% on very, very impressive volume considering the overall condition of the market. The stock is definitely showing leadership characteristics on both up and down days. The volume increase this week was particularly impressive in relation to the volume across the market.
  • Equally as impressive as the run up this week is the firm hold on Friday. Volume increased signaling a bit of profit taking, yet the stock only gave up half a percent.
Web.com Group (WWWW)
  • WWWW had a monster week showing some leadership in the market. Again, strong up moves on big volume was especially comforting considering the shaky state of the broad market.
Additional Longs:
  • Groupon (GRPN) (1/2 position)
  • Invensense (INVN) (1/2 position) -- Re-entered INVN on 6/28 after my first entry on 6/14 was stopped out. Excellent fundamentals and very strong breakout volume.
  • Omnicell (OMCL) (1/2 position) -- Very strong high volume breakout on 6/28.


I am remaining cautious as the market remains in a short-term downtrend. However, resilient leadership in some individual stocks is present in the market, which I'm taking as a positive sign. All positions entered this week were half-size positions and stops on existing longs continue to be adjusted to protect against another large sell-off.

Stay flexible and stick to your plan!



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