The U.S. Dollar short squeeze is pushing it this morning, as any contrarian trades I have discussed regarding base or precious metals and miners is rendered wrong or too early–The difference between “being wrong,” versus “too early” is inconsequential for my style, as the Dollar strength is simply too potent. With that in mind, I took a few losses on my gold miner longs inside 12631. Until further notice, though, the metals and miners are on the back-burner unless we finally see Dollar weakness.
On a more upbeat note, the Ebola play TKMR is continuing with its bullish bent despite the volatile swings, as is the coffee commodity, JO.
Individual names like MBLY TWTR are intriguing longs here if the market bounce continues.
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I think i can move into a nicer apartment in a few months because of MBLY.
See any more good shorts Chess? Have small dnkn, sbux, gm pieces
Not yet. Next week.
Looking forward to it, have a good weekend
Chess – I’m a little late, but the Knoxville Boogie is what this dollar is dancing to. http://www.youtube.com/watch?v=ovFqo3QvmJ8
Note: absolutely not to be confused with the “Fort Knox-ville Boogie”