Summary:
Managed a 1.8% gain last week. It would have been more but I have been raising cash and my short position in anticipation of another dip. It didn’t come this week, and I don’t know if it will come this week, but I think it will come. When it does, I will reload more NRF-B, CMO and others I sold last week.
For this week I reduced NRF, swing traded CMO for a small gain, added to TOL and FAF shorts, and picked up some AGNC. The latter is an agency MREIT which declared a divy of $1.20 and is yielding (based on that amount) 24%. The divy may go higher and AGNC’s funding costs drop.
Positions:
Long: ALSWF AGNC CFC-B GREXF MDNNF MEAOF NRF NRF-B RICK SGTI SNEN WHX.
Short: CRM GAP GCI MEG MNI TOL.
Calls Long: .
Calls Short: .
Puts Short: Jan 5, Jun 5.
Cash: 23.4%
Short Pct: 20.5%
Read:
Stocks Researched:
Positions most worried about: SNEN – how hard will China slowdown hit.
Positions most sanguine about:
Biggest market worries: the market 
.
Thinking about:
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat, 1.0; .
Tech: ??
China: ??; economy softening more than expected
Silver: flat s/t, 2.0, price action; l/t up, 1.0, industrial demand, but price rises.
Gold: who knows?
Copper: flat-down, 2.0. US demand falling.
Real life: fairly productive. designing a new Facebook app
Weekly sleep and exercise: injured again; playing soccer but not much else.
Mood: decent.
