I'm kind of mad at myself today. How come? Because I'm underperforming the market. The S&P is down 2.69% as I'm typing this. My portfolio is up something like 2%. I work way too hard for that kind of performance, but since most days recently I've kicked the market's butt, I'll try to take it easy on myself.
My purchase of USO, SLX, and GDX stunk up the place. Especially SLX. Talk about catching a falling knife!
My many energy shorts have been doing great, but I've been covering most of them to take profits. I'm long a number of items right now – DIA, GLD, UNG (!!), and a few others. I do get the sense we're in a bit of a mini-panic right now, so I'm trying to take advantage of what I think are good prices.
As I've said, quick tumbles are NOT my kind of market. I'd rather have 5 days in a row of the Dow falling a 100 points per day as opposed to a single day 500 point drop. There are many reasons for this, but trust me, I do way better with a steady drip.
I see Disqus is sucking wind again across the board, so comments are probably stymied somewhat today. Sorry to keep declaring how busy I am, but seriously, it's insane. No promise on whether this will be the trading day's last post or not. I'm trying to get my portfolio shape.
Again, hearty congratulations to you insane May put owners. WOW!!
