Market traded a little slow today waiting on tomorrows Fed…
We have have entered into some short term trades in the last few days. We have had success with all of them except for today getting stopped out of a TLT short. We are content with our shorts in the oil patch with our XLE and XOM short positions. We are also short real estate with our VNQ short, and a small long in the precious metals with a long position in GDX and NEM.
Let’s see how tomorrows announcement from the Fed moves the markets.