Great gap down on bonds means take profits on my $TMV. After FOMC there’s time to get back in i’m sure. Also, with the market a little shaky here, any sell off might show a knee jerk rush to bonds. Also, $TLT has moved really far, really fast, and is outside the BB so I gotta think profit taking for shorts is imminent.
I’m probably going to clear out $DIG today and just hold $FCX. $DIG has been very spazzy and has not gotten off the ground. Also, $UUP has not shown signs of retracement yet. The market is just grinding right now but its doing it sideways and I dont want to have a lot of longs on here.
Sold $TMV @ 45.91 for a 3% win representing a 1.3% win for the roll
Sold $DIG @ 78.11 for a -1.45% loss representing a .5% loss for the roll
TOTAL WIN LOSS FOR ROLL: + .9%
So we’re almost a third there before the halfway mark for the month which isn’t bad. Holding $FCX which is part energy part PM. Watching gold miners which are basing versus bullion.
Edit dumping $FCX the week is not looking great and this stock didn’t make the bounce I wanted it to. I’m letting it go as I think it’s dead money. I was only playing for a small bounce as it was, but since the market can’t get going, I don’t want to have this be a lead weight.
Sold $FCX @ 34.27 from 34.52. -.72% loss representing negligible -.2% loss of roll
Shorted $MA with chessnwine @ 75.26 in case things go south next week this one is already breaking down somewhat.
TOTAL WIN LOSS FOR ROLL: + .7%
