Summary:
Ended down 0.5% today. Picked up some more TRA as their partly-owned subsidiary TNH (and my erstwhile position) continues to explode upward.
Positions:
Long: JEQ NXG HBMFF ALSWF JAGNF FFHL AOB XSI NTLRF EXDUF ETEL GREXF MLKKF TRA QADMF SHERF OKOFF.
Short: LEN GCI HBI HLS MNI AMZN YHOO TOL.
Options:
Cash: 26.4%
Short Pct: 14.6%
Trades: Added TRA@23.05.
Read:
Stocks Researched:
Hours spent on market: 1.0
Positions most worried about: FFHL, reporting seems suspicious. Metals, continue to drop. How close are we to a bottom?
Positions most sanguine about:
Biggest market worries: rate rise induced meltdown
Thinking about: shorting more. but not sure what to do.
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: down, 2.0; rates are rising
Tech: ??
Japan: down, 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, 1.0. Shanghai stock drop on 5/25.
Zinc: up, 2.0. Declining stocks.
Real life: Working on summer schedule. Had a fun weekend.
Previous night sleep and exercise: 7.0 hrs; light exercise Wed.
Mood: good generally. a little impatient marketwise.
