Thursday Trades

Thursday (11/18) [Don’t trade during lunch: 10-12PST]

Closing imbalances mixed.

Progress
CME – Holding [link to post].
OI (Long) – Holding.  Looking for breakout of falling wedge pattern.
MELI (Long) – Holding.  Breakout inevitable.
S (Long) – Holding.  Longer holding period on this stock.
MAR (Short) – Scaling out.  Cutting losses.
IEF (Neutral) – Holding. Looking to leg out of spread before a breakout in /ZN.

IN
SDS (IN) – Started position on market strength and follow through to upward TL.  Hedge against market weakness tomorrow.
VIX (IN) – 3 point drop today.  Picked up for value.  Also a hedge against market weakness tomorrow.
DO (IN) – Small scale into long position.

OUT
UUP (OUT) – Weakness in the $USD.
MAR (OUT 2/3) – Took losses on shorts into strength.  Don’t hold weakness.
OI (OUT 1/3) – Took profits at open on market gap up.

Watching
DO – Waiting for a slight pullback. Level of interest is 67.70.  Started small position.
OI – Mental stop set below 27 which indicates a pattern breakdown.

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One Response to Thursday Trades

  1. Pingback: Setups – Week of 11/29 « Zevon Investments

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