Gold Play
I am adding to GLD ($GLD) at $397.21 – making gold medium-sized.
Positions: Long GLD M
I am adding to GLD ($GLD) at $397.21 – making gold medium-sized.
Positions: Long GLD M
Here are Monday’s things:
* I reshorted the indices after the market closed last night — $SPY at $767.32 and $QQQ at $717.13.
* I added to my $MSOS common at $4.94 and call long positions (slightly out of the money for September and October).
* I added to $VRNO at $6.12.
* I initiated a very small $GLD long at $405.42 (which I added to overnight at $401.28).
* I added to my $CRM short at $260.24.
* I reshorted the private equity space — $APO at $137.61, $BX at $142.94 and $KKR at $110.63.
* I reshorted $CRWV at $85.02.
* I reshorted $JPM at $356.14.
Long MSOS common VL calls S VRNO S GLD VS
Position: Short SPY (S), QQQ (S), CRM (S), CRWV (VS), APO (VS), BX (VS), KKR (VS), JPM (S)
* Buying gold
I have initiated a long in gold.
I purchased GLD ($GLD) at $405.05.
I plan to average down on any weakness.
More early this week.
Positions: Long GLD VS
Are they oversold or not? Will the chopfest continue or not? We’ll be watching the others to see what could come next.
Will things get a little wild this week? Plus a look a close look at gold, the Utes and two potential tax-loss selling candidates.
While it’s possible to tilt toward leading asset classes with more funds, it doesn’t always work out.
With few people willing to admit they’re bearish, are we nearing a top in the market?
Let’s discuss why sentiment readings have me ‘on edge’, what it would take for an oversold bounce, a formerly parabolic stock and much more.
It’s a choppy market that can slice, dice, and chop your portfolio. Here’s what I’m paying attention to.