I am going to do a wrap up post later on today — because I have some things I’d like to say and discuss. This is going to be a quick post, as I am busy with Capstone appointments all morning and afternoon.
BTW: We’re running a New Year’s Eve special today for annual Capstone plans. Use discount code INDEUD at checkout.
All of my positions are smartly higher today, even though I’m short and even though I’m also long. My shorts are up and my longs are up. Quite literally, I cannot be stopped.
Where am I most horrendously bearish?
Oil and RE.
My top positions there are DRV, NUGT, TLT and DRIP. Those 4 stocks represent 40% of my trading account. This never gets boring or old — because the mysteries and the intrigue are in a constant state of flux.
Be back a little bit later.
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Odd. My longs and bear trades are both up, no shorts though. Neither side is giving up.
The PPT seems to be doing a minimum.
Thanks for the drive by the Le Fly.
🙂
Dr Fly, How about some Frank Sinatra to bring in the New Year?
I am short the largest gainer in the S&P 500: NFLX
I won’t even bother to change anything about that unless it breaches and holds $275.
I would have shorted AMZN at $1500, but with my NFLX position I’ve got enough negative beta. However, if it hits $1600, I’ll definitely short it (ie, high-probability home-run)
FWIW, I didn’t make any moves today, and am content sitting short into the New Year.
Selling on Strength rapidly intensified in the last 15 minutes, so I’m not alone in my conviction (SPY block trade Money Flow went from -$77M@3:47pm to -$891M right now) )