I am extremely bullish URA, DDD, DAL for next few weeks.
I am also highly leaning towards a market correction of 3-5% in the next 2 mo. Feel like the probability is 80%+. A lot of complacency right now with put/call ratios staying in very low ranges.
My goal is to raise cash the next few weeks and hopefully avoid the downturn.
Biggest position is URA long. It looks almost too good to be true
GLD short and as usual I am very uneasy. Have been a few days early on a few of these trades.
My proxy GDX looks like it is at resistance. If GDX breaks up, I will fold this trade.
Big position in DDD now and earnings is Tues.
mid sized position in NTES, also will be affected by earnings. Aug 9.