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So far today it has been relatively quiet for me. I sold out of Canadian Natural Resources (CNQ) at $30.28 from $28.78 for a 5.2% gain and haven't done much else. I'm tempted to add another short position to the portfolio to add some balance to the existing 4 long positions I currently hold.
In fact I may even buy another long to replace CNQ, and I'm leaning towards ISIS as being that one.
Well, ProphetCharts is giving me trouble, so there's nothing to do but look to space. Here's a charming video showing what it would be like if there were rings around Earth. Sound dumb? It's not – you'll be surprised how cool it is. Check it out.
TLT remains my only large short position, and it's also just about the only bright spot in my trading day. This is a beautifully-formed head and shoulders pattern, and the retracement to the neckline simply affirms the cleanness of this set-up. I have increased the size of my short, and although I think ZB is ultimately going to tag about 145.25 or so, I'll cover at anywhere close to 146 (note: I am using prices from ZB as a reference point here, even though TLT is the actual position).