Trades: TRLG, BBY, BWLD, JASO

New shorts:  BWLD (32.21), BBY (32.18), TRLG (21.66)

New longs:  JASO (4.40)

Notes:

– VIX +6.5%

–  On my screens it looks like home-health-care stocks are bleeding.  I will not buy the dip just yet.  AFAM taking a beating today.  How did I miss fading that sector?

–  I’m shorting retail for a swing period, however long that is.  I will probably scaling out of my solar shorts, that’s why I decided to buy some JASO longs as a light hedge.

–  VIX < 28 had me scaling out of longs and building a short position on the market’s staggering complacency.  It’s interesting how the market has worked.  All the selling and profit-taking comes either on economic data rich days, or on a day like this:  start of 2nd half, plus shortened weekend.  This is definitely a trader-controlled tape.

… VIX spiked down below my 28.xx point to short market aggressive.  Haven’t had a spike like that in a long time.  I’m expecting increased volatility on the VIX for July and August.

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New shorts:  NCTY 9.88

Completely sold longs:  FRG ( +5.7% long at 3.48 )

Completely covered shorts:  DRYS 5.78 ( +19% short at 6.88)

– Finally covered DRYS short yesterday.  Another smooth win on playing the commodity fade.  All these divergences everywhere tells me there’s some uncertainty in the market so I decided to take profits.

–  I actually was able to pull out a gain on FRG, even though I was expecting it to be red.  Closing it out green is just buying me some time on my solar shorts.

–  Shorting NCTY on NTES news.

–  I will be buying more home health-care stocks soon.

–  Stocks on the watch:  CTRP, SXCI, TNDN, MR, TRLG

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Winners:

SOL @ 6.23 (+17.60% short at 7.30)
LINC 19.47 ( +14.86% bought at 16.95)
SFLY 13.20 ( +6.67%, short at 14.08 )
CMED 20.86  (+4.7% short at 21.85 )
AMED 31.20 ( +4.7% bought at 29.81 )
CBOU 5.66 (  +.000001% bought at 5.64)
Losers:  n/a

Closed out June with a perfect game.  Not bad for vacation trading, even though my trading was light.  I’m still holding my GMCR which is my biggest gainer so far.   Dumping the CBOU long at break-even was satisfying, since it was starting to feel like a knife.

Best trades was shorting SOL, right at the top.  I nailed the reversal on solar on my “Dear Solars” break-up love letter post.  Lol.

It looks like I’ll be heading into July with more of the short commodities play.  I’m still holding those schizo solar shorts (CSIQ, YGE), and I still have an aggressive target.  I also haven’t covered DRYS yet for the energy pullback play, but it did hit my <6 target so I’ll gladly take profits soon.  Plus I’m still attacking ugly energy (coal) via PCX.  My only hedge against these commodity shorts is longs in FRG.

Some losers I’m holding in my portfolio include ANCI, which irks a little because I had it at a great gain, but decided not to sell on the Russell 3000 news and I’m back to b/e territory.  Other stocks in the red include LOPE short, and FRG long but I figured they’d be red anyway.

Ever since I got back from Cali, I’ve been going a little nuts.  I’m so busy, I just want to grab a bat and start smashing computers.

Glad to be home!  … and at the same time, not really.

Aloha!
-gio-

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New shorts:  LOPE (16.05)

Completely covered shorts:  CMED +4.7% @ 20.86  ( short at 21.85 )

Notes:

– VIX crossed into uncomfortable territory to hold investments.  Heading into July with a short bias, but will buy longs on dips.  VIX = 25.59

– I’m glad to exit CMED after it spiked on me a bit last week.  I’m not so happy about the Russell effects on ANCI.  Not buying dip here.

– Expecting a pullback in school stocks.  Shorting LOPE.  I already took profits in LINC longs last week.  Summer time.

– Madoff gets 150.

 

Well, I’m about to leave Cali in about 5 hours.  I had a super time here.  It’s pretty cool that as a trader, you can go on vacation, and still “work.” … sort of.   I’ll put up some reviews of the billion restaurants I ate at, and all the other tourist traps and stuff I did.  See you in Hawaii traders!

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New shorts:  PCX (6.44)

Completely sold longs:

LINC 19.47 ( +14.86% bought at 16.95)
CBOU 5.66 (  +.000001% bought at 5.64)

Notes:

–  Selling into today’s little rally.

– VIX once again drops under 30 (at 28.91), which gives me an entry point to sell longs.  I am changing my point-to-short from VIX < 30, to VIX <28.xx

– I’m kind of pissed right now that energy had a bounce today.  Bleh.  What the horse!!  Anyway, I’m still holding on to those commodity related shorts, but still kind of irked that I didn’t cover some yesterday.  I thought hedging with FRG longs would be good enough.  Oh well, I’m on vacation trick.

– Stocks on the watch… AZO, BABY

Time to check the weather in San Fran!…

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New longs:  FRG  (3.48)

My shorts from last week are sizzling.  Chinese and commodity shorts are on fire… YGE, CSIQ, DRYS, CMED (phew, dumb stock).  Therefore, I had to go long something so I bought some FRiGn (that’s my codename for FRG).  Warning!  I’m expecting to LOSE on this trade.  Enjoy the friggin burn.

I love the music here in LA.,.

Heading to Magic Mountain.  What’s your favorite ride?  From one rollercoaster (the Nasdaq) to another…

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