• Portfolio Management for October 14, 2015

    Trading did not work too well yesterday as I had to make adjustments during the day.
    First, the AU short position started working against me when the GDX MF attracted money.
    I decided to cover the short position before loss gets out of hand.



    I opened a long XLE ion a positive divergence an d then had to close it when money started to move out and pointed to more weakness in the sector.



    The EW long was also exited because lower prices did not attract buyers.



    The ARMH short was exited earlier in the day because lower prices were attracting money.



    The portfolio is now 40% invested: one long and one short.



    The trade ideas for today are below. REGN/IBB look interesting as short ideas, especially to balance the long ENDP.