hindsight's always 20/20 right? Well, should have closed this short out yesterday but didn't...chart told me it was headed lower, so no harm no foul...I did earlier in the session close out my short position @ $76.12....I opened this position up at $73.98 & $77.80 so ended up taking about a 0.3% loss....Chart right now is in Limbo, so am awaiting confirmation if it is headed higher or not...to possibly re-position, until then I'll wait on sidelines...
Went out on the week at 55% cash, 25% Long & 20% Short (so 5% Net Long)....so kinda waiting and seeing what SNP next big move is...I suspect we are trying to find a shorter term bottom here (tradeable)...but mkt feels a bit heavy so after a tradeable rally I suspect we have lower levels to be seen...as always I will continue to trade the charts...I like adding to my NOV soon, I also have GDX, RSX, NEM on my potential Buy/Long list...
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