I allocated 25% of my trading account into the names mentioned in the title. I did so because price action demanded it from me.
They are trash and underserving of my attention, but markets like them, so I am buying them.
WHO AM I TO ARGUE WITH PRICE ACTION?
I head out into the sun 40% cash, fully ready to charge into the market with all of it — should prices continue higher.
Remember, watch USO, HYG, SRLN to get a sense of where risk is and if you need to be long, short, or in cash.
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