Portfolio Management for October 20, 2016

Yesterday's bounce was probably due to the reverse repo operations whose goal might have been to "stabilize" markets before the final presidential candidates debate. Algos then detected this money flow and pushed hard to start a small shorts covering rally which could make most options turn worthless by the end of the week.



Both the gold related positions and the TNA position did well yesterday, although small caps struggled before being lifted higher by the Fed liquidity.





I raised the GDX stop again.



The portfolio is just doing "in-line" with past performance (The red dot is almost on the trend line.)



The trade ideas for today are below. In highlighted in Yellow as potential short trades three stocks that sold off after earnings but could bounce.

My plan is to sell the TNA position either today or tomorrow, because I do not believe that markets will push higher next week.