Summary:
Down 0.3% today and approaching 2% for the week. XSI was the star of the day, rising 6.5% despite what I thought were lackluster earnings a couple of days ago. But this wasn’t enough to overcome weakness in miners, ALSWF, and Japan. NM, which I sold yesterday on news of a secondary, rose 5%. Go figure.
No trades today as was busy with other things.
Positions:
Long: JEQ AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI NTLRF NLY MDN.TO DSX ONAV ETEL GREXF MLKKF SEA OCNF TBSI TRA
Short: LEN GCI HBI HLS MNI AMZN
Options: AUY May 15 call
Cash: 15.5%
Short Pct: 13.1%
Trades:
Read:
Stocks Researched:
Hours spent on market: 0.5
Positions most worried about: FFHL, reporting seems suspicious. Metals, due for a drop.
Positions most sanguine about:
Biggest market worries: metal meltdown.
Thinking about: shorting more. Adding MLKKF, EDVMF, ROY.
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat, 2.0;
Tech: ??
Japan: up, 1.0; strong GDP, but weak international markets
China: ??; price action, but getting bubbly.
Silver: flat-down s/t, 2.0, price action; l/t up, 1.0, industrial demand.
Gold: flat-down s/t, 2.0, price action; l/t up, 1.0, industrial demand, GFMS study.
Copper: flat/down, 2.0. Stabilizing stocks.
Zinc: up, 2.0. Declining stocks.
Real life: Busy with studies.
Previous night sleep and exercise: 5.0 hrs; 30 mi bike ride Sunday.
Mood: Tired, a little stressed.
