I couldn’t pull the trigger on anything today, not to sell existing shares, not to buy new shares, and I have SKF already which feel like a bit much in this tape.
I stalked CREE today, it is setting up perhaps. I wanted to buy shares much lower, so if this setup does trigger I may just trade a piece and go back into my core size (3/4).
Current longs, by size: RBCN, SKF, RVLT, AIXG, CREE, FB, LO, EXK, F, IMMR, MJNA, and O.
Cash around 25 percent.
The O was very strong at the open. That is a nasty little fade right there.
I lost some money in the futures today when I was shaken out of my short by the clown show in my brain. I called the head and shoulders this AM to the tick. But instead of capitalizing on it, I sat in traffic listening to Traffic. The clown ring leader is Gary Busey.
I’m holding out for my favorite setups before I put any more cash to work.If you enjoy the content at iBankCoin, please follow us on Twitter