Commodity Stocks
Good Day, Not Great
Today was another nice day. Despite the futures opening up huge in the morning we gapped huge and it was a natural selling spot. Why was it a natural selling spot? We gapped to R4 on the open. That is either a ultra strong move or that is a nice gap to fade. It turned …
Back To Cash, Gold, Inverse Emerging Markets
Took gains in everything this morning. 2x funds SPX, NDX, and RUT at the morning price. Although waiting until the end of the day would have yielded better returns, I wasn’t about to chance losing the 8-9% morning gain. I also took my gains in X calls, CENX stock, TEVA spread, and took a small …
What I’m Going To Do Tomorrow
First what I did today was cover my shorts from yesterday real fast. If the market was not going to go down today it had to bounce the way it did. It just happens this way and I move on. I trimmed some gold exposure cutting my gains in my AU calls by half. However, …
DPZ What Could’ve Been
This is how I learn. Nothing, but clear sailing. Currently long 2x index funds, DGP, ABAT, USO calls, ERX, CLNE, CZZ. If you want the particulars, check the twitter feed.
Short Trading Ideas
In addition to these, looking at AEM, NEM, GLD, GDX. The market actually needs to move down a little further and more short ideas will emerge and many would be longs (if we closed the week right here) will likely swap over. If this whole scenario doesn’t play out, it may just be time to …
