Portfolio Management for October 21, 2015

Not much to do yesterday as the market was directionless. I however covered the NEM short when the stock bounced up, carried by the whole sector.

NEM still looks weak though and I might re-short it depending on how gold is moving.





The portfolio is now 30% short and 20% long.



The current positions seem to be working well: ORCL/BWLD are still weak and EW is still strong. I even hesitated to buy more on the pullback.







The trade ideas for today are below. The BIS long and the IBB short are the same idea, but BIS is leveraged.



We can see below that a set of green and red line that point to MF reversals for the Biotech sector when the MF was higher than 1%. Most of them 'in Red) pointed to lower prices.