Today’s action continues supporting my bullish stance. We’re seeing mild consolidation of the recent move higher with calm indices and TLT has lost its upward momentum. As the week continues, I see Friday and Monday as most telling to the overall tenor of the market. If we can see price action continue calm into the weekend and a reasonably mild start to next week, I think it would be welcomed by market participants wanting to leg into long swing positions.
Since last post all I’ve done is halved my AWK position and sold out of DTE. These names have run tremendously over the past year. I still retain a 50% position in AWK and will add back on a significant retracement.
I still hold my 2/3 Zillow position. But I have little desire to hold it through a significant correction. I’m willing to cut the balance near my entry, $36.50.
RGLD reported a larger than expected income tax expense and is getting hit today. Paper loss, operations seem as healthy and non-capital intense as ever. This may be an opportunity to increase exposure to the name.
I bought some OMER alongside The V.KING. I bought based off the weekly chart, and should price not regain the 33ema by the close of the week (~$8.65) I’ll close her up.
I’m mostly watching things, thinking slow, but prepared to move fast. More than ever I’m contemplating career goals and paths. Youth is so valuable and taking a leap of faith much less dangerous. Have you ever seen a four year old, full sprint, face plant? Minor scrapes. Same event for our mass and the results can be deadly. Same goes for a light baggage 20 something contemplating entrepreneurship over corporate fuckery. If I fall on my face, I get back on the resume grind and pick up the pieces.
Travel and leisure is great, sure. But I’m thinking more along the lines of freeing up my time to focus my energies on world domination and joining the space race. Building orbital cannons and shit.
“Don’t let the man get’cha. Do what he done to me.”
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