Warm Headwinds

As the summer rolls in, I am focusing more on my futures trading.  I went live this week and my focus during active hours has to be 100% otherwise I will miss the subtle clues of the intraday auction.  Trading is going well this week, and I am managing to avoid many of the pitfalls I used to incur while attempting to “trade” while being an accountant.  Now I simply trade without the, “you hurry up and buy” of returning to spreadsheet chimp work.

I made a few changes to my swing portfolio today.  I stopped on in SINA before it went on an afternoon rally.  I also closed out BIS, a levered biotech short ETF, when I suspected a rally may be afoot.  The rally never quite materialized even after the picture set up.  This is like the dog that doesn’t bark at the thief in the night.  Something may be afoot, and buyers may be in a risky position.  This is all speculation, of course.

I took a WDAY long.  The PPT likes it, I think OA still likes it, and at times RC likes it.  I can’t say I hate it, but this is a slightly unfamiliar chart picture on the daily chart so I took a small position.  We shall see.

I closed out FCEL ahead of this afternoon’s earnings announcement.  This is not something I feel to participate in.  Instead I will find another tradable stock in the waste dump.  Speaking of which, my Wm sold off a bit today, but is of the old man variety which pleases me.  I will seek out more slow stocks to swing slow on while I focus my efforts on the nickel-picker-upper machine.

It is very hot outside and I must be on my way.  I have many meetings this afternoon.  Be well my friends.