SPY Short Position Fully Closed
Follow up on the earlier post…we now also closed the last remaining part of the Bucket 2 short position in SPY. Fully flat SPY now.
Closed B2 Short Position In WYNN
We just closed the rest of the WYNN short position we had. Closing price was 112.85. The rational is the same as for the closing of the short position in SPY…we want to be as flat as possible going into Thurs and Fri. If the market falls appart we will have plenty of time to […]
Reducing B2 Short Position In SPY
Today we took profits in our Bucket 2 short position in SPY. We will likely close the rest of the position later today. The reasoning is simple. The past five days stocks have consolidated and worked off some of their overbought levels. Any decent news out of Europe tomorrow and Friday has the potential to […]
Updated Buy Wish-List
We are interested to buy on a pullback for santa rally (IF, big IF the market doesn't totally fall appart: SPY, CAT, OIH, APKT, MMM, EAT
Bucket 2 Idea: EAT
We are adding one more name to our buy wish-list for a continuation of the Santa rally…IF we get it. This is not actionable until next Monday at the earliest. The name is EAT and the chart is below…Brinker International. A close above $24.60 might be buyable.
Update On The Euro
Quick peek at the EUR/USD reveals a trading range since November 1st. A break out of that range in either direction will likely be reflected with a similar direction move in equities…possibly into year-end.
Morning Thoughts Wednesday Dec 7
Quick one this AM, and appologies for the lack of a morning video today. Not alot of new stuff to talk about today…Thursday's ECB meeting (50 bps cut expected) and Friday's socialists unite announcement remain front and center. We want to be in maximum levels of cash and wait for better opportunities The mother chart […]