Market Has Two Sticks Of Dynamite Up Its Ass Right Now
The question is which way will it explode?
Still in reduced long positions, but bought a few stocks for a very short term pop in the market that I think is coming. If it doesn’t happen, then I’m selling and will sit. Bought DPTR, VLO March calls, PBR calls, SLW, YONG for short term, rebought EWZ call options for the short term, GS calls for a short term move, and NEP.
A few winners today ANN, JCG, EWZ call options, LVS call options, AA, and KEY.
Losers were VZ, MOT, T << and continue to be losers, ZLC, and BBX.
I’m not thinking about all the political nonsense that many focus on, I ignore those things. It was my detriment for ignoring in October 2008, but this isn’t the same. I’ve got tight mental stops here and will cut if I have to.
Other short term ideas, might be related to the miners/gold stocks. Reemphasizing SHORT TERM.
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