I took profits in some of my tech and medical positions. These should hold up well in a selloff but I'm raising cash.
I started a position in TVIX today (5/8). I'm looking for a continued stair stepping up squeeze next week. Double top early next week. Negative interest rates are coming. A sell off seems highly likely. Willing to take some pain on my TVIX. I will purchase SPY Puts next week.
Making long calls in this market is tough to say the least. However, finding companies that are a little insulated from Covid could be the key. I'm looking for some strength in PINS over the next week. Of course the market needs to perform too.
This market can get bullish really fast but I'm willing to hold this one till June to get 37.
Watching the ES sell off. Let's see if 2456 holds.
For tracking purposes only.
KHC should stay bullish for the next few days.
Taking a 3/4 position long here @ 35 The almost 7% dividend gives me some downside risk tolerance. Upside target 39.75