Here ya go:
You asked for it. You got it. The short signal of the century.
Because:
Some remarks from your pal Tim:
- I have sold my January SMH puts at a loss, which was a core position for me.
- My metals shorts that I suggested yesterday (XME, GDX) to my premium subscribers are doing fine, and I’ve simply tightened up the stops
- My largest position, FXI puts, is doing fine, God bless it (although the bid/ask still sucks)
- I have continued to trim risk, taking it from 88% down to 65%, which feels vanishingly light
- Lest anyone think this is a devastating day for me, I am down 0.61%
All the same, this market has become exceptionally frustrating. As I described in my lengthy post last night, what “should” be happening is certainly not.
