I made three adds in WNR, AEC and CENX late Friday. Futures are down, so they’re not looking that great. I’m ready for Monday, though, as it seems this week will be the confirmation or denial of the markets being favorable for bears.
I’m watching Italian yields and EU headline risk as the biggest market factors. We’re sitting on a pretty big technical level, as displayed by many to be long-term support and the bottom of a bear flag, so if the market doesn’t recover quickly and early this week, then I think it’s time to start to short, for the first time since early 2009.
I’m 43% cash, then IWD, WNR, AEC, CENX & GSVC, not in order of quantity. Also own GDXJ and SIL.
