I took half the day off, not because I had to or even wanted to — but because I could. One of the perks of being a little known niche blogger in a small corner of the world is that I can take a day off and if you’re not looking close enough — you won’t even notice it.
I spent the past hour trying to find reasons to sell short the market and I could not, so I went long. Since I fleshed out of my holdings in the AM, I did not participate in the big run up in many commodity names in my trading — but did fully in my Quant. The quant, SIR, is +3.5% for the session, whilst my vacationing monkeybrain is +0.12%.
Never fear, I have innate gifts to really trade well during certain non-descript streaks, which could neither be explained or forecasted. They just happen and after they do — I am up a bunch of money.
Into the final hours I trade, I suspect strength in the Dow, oils, natty, and the banks. I especially like the regionals. The best performing ETF for July is NAIL — 3x homies. What does that tell us?
If you insist on being short, maybe go with an SQQQ hedge against trending sectors. There is more strength in the smalls, so TZA might not be ideal.
More later.
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