Was happy to break even in auguration week despite the averages being lower. Bought a tad of NRF-B and some ONAV and closed my LEN short, while selling NRF. I think we are still going down some more, but don’t get a strong sense.
Long: ALSWF AGNC CFC-B GREXF MDNNF MEAOF ONAV NRF NRF-B SGTI SNEN WHX.
Short: CRM GAP GCI HOT MEG TOL.
Calls Long: .
Calls Short: SHLD Feb 45.
Puts Short: NRF Jun 5.
Short Pct: 17.7% (24.3% of margin acct)
Positions most worried about: SNEN – how hard will China slowdown hit and no guidance.
Positions most sanguine about:
Biggest market worries: the market .
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: flat, 1.0; .
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.