Summary:
Lost half a percent, which while not great, is better than I’ve been doing this June.
I got scared out of my FDG for a small gain. I used the proceeds to buy some NRF, but so far the trade looks really bad. I also got rid of the last of my ACY on an inexplicable and thunderous advance, and trimmed some XSI, which has been soaring, though perhaps not without reason. I’ve also been adding RICK, which has dropped despite good news (additional club purchase and reaffirmations of outlook).
Outlook remains cloudy. I expect things must turn sometime, but how soon? While I don’t expect a meltdown from here, who knows?
Positions:
Long: ACY AHR ALSWF ANH CHNG CNEH EPMWF GA GREXF MDNNF MEAOF MLKKF NLY NRF QADMF RICK SFI SGTI SNEN XSI WHX
Short: GAP GCI KBH MEG MNI TOL.
Calls Long: ANH Jan 7.5; CMO Nov 12.5.
Calls Short: .
Puts Short: ANH Jul 10; CMO Jun 12.5, Jul 12.5, Aug 12.5; KBH July 15; MFA Jul 10; NLY Jul 20, Oct 17.5; Oct 7.5.
Cash: 5.5%
Short Pct: 10.0%
Read:
Stocks Researched:
Positions most worried about: .
Positions most sanguine about:
Biggest market worries: general.
Thinking about:
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat-down, 2.0; still not out of the soup.
Tech: ??
China: up, 3.0; strong economy and has fallen alot.
Silver: flat s/t, 2.0, price action; l/t up, 1.0, industrial demand, but price rises.
Gold: who knows? has risen alot.
Copper: flat-up, 2.0. China demand.
Zinc: flat, 2.0. Stocks stabilizing.
Real life: flailing away at projects.
Weekly sleep and exercise: lots of soccer and biking. Sleep decent.
Mood: good
