http://www.stockrake.com

The plan was semi-laid out last night.

Bought at the close:
-EPV (a 2x inverse MSCI etf) which gives me my short EWI (Italy), EWP (Spain), EWQ (France), EWG (Germany) exposure.
-BZQ
-Put spread in FXI
-EWZ puts

I also got short this morning the 2x RUT and 2x NDX which makes up for yesterday’s losses. Moreover, I bought SPY puts, FAZ, and XLF puts. I later sold the SPY puts and XLF puts about 30min from the close happy with the gains and kept the FAZ. Here is the reason:

I kept my index shorts as well. The charts tell me we are getting another day down, probably in the form of gap and run.

I’m also still heavily long gold, but trimmed some more AU calls.
Current gold positions:
-AU July 45 calls
-BVN Jun 35 calls
-EUO (inverse Euro) Aug 22.5 calls
-IAG
-KGC Jun 20-21 call spread
-AUY

Sold the junkers today, overall the portfolio made money not exactly how much, because I don’t feel like calculating right now.
ASTC
NENG
PXLW
FSII
INSM
SCLN
TSEM

I couldn’t buy everything on my list. I never planned to. I did what I could and I think these positions will all be nice winners.

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