Europe has been bailed out by the EU this weekend and subsequently all is good in the world again. We have and will continue to build long positions on pulbacks as the longer term up trend is underway. Longer term our list will consist of $MA, $V, $AAPL, $GLD, $IYT, $IYR and Shorting $TLT. As of friday we took a small position in TLT as we anticipated a small counter trend correction in the market before heading to higher levels. Now with the news unleashed over the weekend this position will be abandoned and will look for buying opportunities in the above mentioned names.
Tag Archives: IYT
The recent rebound that we have rode up is showing indications that the strength could peter out and may not be able to hold up in the coming days. Not to say the markets are not going up further, but as it stands, it looks as if it wants to take a breather here and would be prudent to take some profits into strength in the coming days ahead and be patient till the next signal for another higher probability trade. Taking profits on $IYR and $IYT into strength.
$BIDU short possible set up.
$TLT Long could be in the cards soon.
Still looking to buy in mid June or on weakness.