PORTFOLIO CHANGES FOR SEPTEMBER 23RD
I posted on Twitter this afternoon regarding a trade I initiated in FAS. I am looking to gain some equity exposure. I think exposure to the financials will provide a good vehicle once the market bounces next week. I will go into more detail over the weekend. FAS was initiated at roughly 10.50.
I took profits on 25% of my short gold position in DZZ at roughly 5.20. The DZZ trade was initiated on 8-31.
I am holding a majority of the position as I believe we are closer to an intermediate term beginning of a downtrend than anything resembling an end. Short-term there could be a bounce as the move down today was historic in proportions.
Lots more this weekend, including the weekend chart review on Sunday.
