Stock Portfolio Update

by Ryan Mallory

Once again, I'm providing you with an update to my portfolio. And like the past three weeks, the portfolio still consists of Barnes and Noble (BKS) and UGI Corp (UGI). The stop-losses in each have both been raised since the last analysis that I provided - so if you're in either of these two stocks, it is worth paying attention to. Also, it is worth reading just to get an idea for what exactly I look in the charts below.

On another note, I am strongly considering selling both of these stocks, not because either one of them is technically damaged, but because the broader market is showing signs of at least a short-term pullback and would prefer not to allow my positions get stopped out in the process, since I have a strong conviction of the broader market's direction. What I would end up doing, is waiting for the market to pull-back and then jump back into these two positions and a number of others.

With that said, let's take a look at the charts.

Barnes and Noble (BKS)

Click here to see the chart on UGI.

UGI Corp (UGI)