Overall another dull summer week for the U.S. stock market.  Some tech stocks rallied a bit from recent selloffs, raising the Nasdaq Composite Index, but the Dow and S&P500 were little changed.  Just not enough conviction in either direction from enough institutional traders to move stock prices much, not unexpected this time of year.

A mixed week again, but this time more stocks moved in the direction favorable to our positions rather than against, that most well-diversified subscribers should have added some net profits.  Favorable movements increased the total number of new weekly highs/lows.

Despite major indexes at near-highs, a good portion of our positions are shorts, many with significant gains – that are significant losses for those still holding them long (and there are thousands of such investors) – a reminder that our portfolios do not necessarily correlate to the broad market, requiring stock-specific analysis.

Highlights:  6 new weekly highs in long positions.  6 stocks with double-digit long gains:

                               TRUE +21%                           EVH +43%         FIVN +56%     LPSN +68%           

                                                                                                          FRPT +50%    NEFF +64%


3 new weekly lows among short positions.  4 stocks with double-digit short gains:

      URBN +17%   FTK +29%                               NGL +44%       

                              PIR +20%