Still in YRD which is consolidating nicely and the indexes continue to churn. Possible we see a flush out in the next week or two but things look poised for a strong end of the year run.
Sold the other 1/2 GLD this morning and who knows I might miss the runup to 124 that I was targeting but I think I have more interesting plays that have better longer term value.
Also still long BIIB, WFC.
Added CMG as a pre-earnings play and if we get a good run up will pull some off before earning on Tuesday.
A really fantastic range to trade in
YRD has thoroughly spooked me the last 2 days with the wild near 10% swings but looks like healthy consolidation. I have high hopes for this one.
Thursday, October 20, 2016
I am heavily long calls in $C, $BAC, $JPM for late Jun, July, Aug. Mad conviction here.
I have been stopped out twice in last few weeks trying to short GLD. I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...