Of my seventy-five existing short positions, thirteen of them are retail-related. This is definitely one of my favorite sectors right now, so much so that I also own put options (January $43) against the retail fund XRT. Here are seven of them, zoomed in to interesting recent activity:
Long Micron (MU)
Via the symbol EWW, we can see how badly Mexico has lagged the rest of the new-highs-every-day world of equities………
By Mike Paulenoff, MPTrader.com
Ahead of this past Friday’s jobs report, we noted to subscribers that our technical set-ups in both the ProShares UltraShort 20+ Year Treasury (TBT) ETF and 10 year Treasury Yield anticipated a positive reaction to the employment data.
Since the market has gone from records highs earlier this morning to an utter collapse of -0.05% on the SPY as I am typing this, I thought I’d offer some helpful counsel: (more…)