2009-07-30 12:09 am
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I have updated this sparsely due to other obligations, but here goes.
Fubared the UNG trade (set my limit too low) .. so I missed the huge 15% advance. MON continues to make new highs (grr)
We got some pausing of the unstoppable upward momentum of the markets these past 2 days. Continue to hold VXX which has almost recovered from a pretty gigantic loss on my portfolio.
I sold XBI too early, but sold more today on the managed portfolio. Generally health/biotech is starting to look expensive after CNBC and co. advising it as a "defensive sector". So much for defensive.
We can either pause at 950, or things may get ugly.
