Mixed session so far
It definitely feels slower today and kind of choppy as was expected. I wouldn't count Santa out just yet but his bag must be heavier this year as his strut to the top is labored.
I'm not pressing my luck much as we head into the end of year although there are still buys and sells to be made. Mostly I'm just trimming a bit and taking a stab here or there. For example, I believe gold is setting up for a pull back again and am looking to play it that way. I put a short on CAT a few minutes ago as the risk/reward looks good while on the flip side, MDT has retraced back towards support and I've started a small stake long there. I've taken some losses to pulling more oils off the table for example. We never did get the broad advance in the oils, only the drillers performed (OIH) so you had to be concentrated if you wanted some returns there.
All in all, it's a little here and a little there as we try to squeeze a little more performance out of this portfolio into year end. Despite a slow start that lasted most of the year, we have been able to book some nice gains the last couple of months which, once again, makes our year.
I'm not pressing my luck much as we head into the end of year although there are still buys and sells to be made. Mostly I'm just trimming a bit and taking a stab here or there. For example, I believe gold is setting up for a pull back again and am looking to play it that way. I put a short on CAT a few minutes ago as the risk/reward looks good while on the flip side, MDT has retraced back towards support and I've started a small stake long there. I've taken some losses to pulling more oils off the table for example. We never did get the broad advance in the oils, only the drillers performed (OIH) so you had to be concentrated if you wanted some returns there.
All in all, it's a little here and a little there as we try to squeeze a little more performance out of this portfolio into year end. Despite a slow start that lasted most of the year, we have been able to book some nice gains the last couple of months which, once again, makes our year.
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