Last trading week marked the closing of my 10 day position in the S&P 500, via SPY. As noted in the Exodus blog, this position was taken on March the 24th at $202.15 and ended on this past Friday @ $205.21.
While not enough to festoon my bedroom with the inner–parts of my mortal enemies, the trade did almost precisely what I expected, which was to offer and deliver a small incremental increase to my account.
In addition to that, I closed out some of my XLE short last Monday. Once again, the position was taken 10 days prior when it was flagged to be overbought by the Exodus algorithms.
I have but one of the original three tranches of XLE remaining on my books. The balance of this purposeful $100k account, used to demonstrate the usefulness of the Exodus Market Intelligence Platform, has been placed in TLT until the yield curve inverts–which has been my core thesis from the beginning of the New Year. There is also a 50% cash position in my account, at the present time.
Here is my pnl, thus far.
Where do we go from here? Well, as a matter of fact, there is something actionable that flagged on Friday, in which I will be taking action on first thing Monday morning. To find out, you misers are just going to have to part with some of your beloved currencies and to join the halls of gentlemen.
See you there.
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Le Fly, any interest in shorting XLF? Seasonality is ripe.
Ohhh, and flush XRT down the drain.
Only if Exodus flags it. In 2016, I am taking emotion out of my trading.
Trump ripping the trade scams in Rochester. The silver bullet. Simply hammering home why the middle class does not exist anymore. Jobs jobs jobs.
The man God is killing it. If this is the new Trump. Gonna be hard to beat. The dude is smart. Very smart.
Please no politics on non-political posts.
When Trump faceplants into the mud, will you:
a) quietly slink away and pretend you never supported him
b) curse at him for screwing up
c) rail at “the media” and “the establishment” for making it their mission to take him down
d) ?
I only endeavor to divide and conquer on politically charged posts. Please refrain from political discussions on non political posts.
Sorry. I will build a yooge wall to keep the politics contained.
Apologizes. Never again.
So, back to banking coin. Sold all biotech, except one. Banks are looking shortable, but nothing put on yet. Tons of potential. Thoughts?
FNGN, short away.
Why no gold? There was plenty of golden calves back in the day of Exodus.
hmmmm WTI lolz
Forgive me for referencing this on your non-political post, but I couldn’t resist.
http://www.zazzle.com/hillary_for_prison_2016_rectangular_sticker-217333624488258627
http://www.wsj.com/articles/a-vast-email-conspiracy-1460069105