This Market Is Infuriating

For three weeks now, I’ve been watching melt up days that just will not span the extent of my book. The disassociation between sectors is aggravating. On days where the Dow and S&P skyrocket 2.5%, I’d love to see the Nas up more than fucking 1.3%. Sure, I was able to grab some gains recently in stocks like ARUN, MT and a shortsale in CRM. But today I was thrilled to perhaps have the opportunity to lighten up on two stocks I’ve yet to sell any of: GSVC and MU. Both are trading very close to my average cost, and I want to raise more cash by selling some off. Unfortunately, these fuckers were both down 1% on an otherwise green day. Noteworthy gains, though unrealized, were had today in FFIV, CENX, SCHN, SLB and what remains of MT. I even saw GDX trade up, a noteworthy item, seeing it trade opposite to GLD. I made add’s in both today, sitting at 50% and 40% positions respectively. I intend to build them up, accompanied by SLW/RGLD and a smaller GDXJ than GDX. On the inflation note, I intend to author a small piece regarding why oil may be a better hedge than gold. Fuck it, I may just spill the beans now: practicality. That said, I intend to build some positions to accompany SLB, all centered around oooooooooool. On the topic of silver, however, AGQ now accounts for a larger position than I’m comfortable with, and my average price sits at a Mt. Everest like $152/share, despicably higher than today’s close. It’s a problem and I’m working on it.

I do find solace in the fact that I had the propensity not to short, at least. I’ve had some important dealings to take care of, and with them pending on my agenda, I’ve been unable to really sit down and focus. So, I’m still building my short list. And my oil list. And I’m trying to author that post I just mentioned.

Today’s trades include: +AGQ, +GDX, +GLD. I cannot wait to gtfo (portions) of MU, GSVC and AGQ.

Last bit of relevant market information: I hope that The PPT‘s reaction in score to today’s events is telling as to what’s forthcoming in the markets. Take that as you will.