Shooting stars

Nasty reversals this week in $SPX: portends more weakness


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Back into mosaic

Bought 200 mosaic (mos) @ $70.05 with a GTC stop at 66.85 with a near term target of $73 and a medium target of $80


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Jack be nimble, jack be quick

The miners are dramatically outperforming the metals today on a relative and absolute basis. I'm taking a shot here for at least a technical bounce (if not more). Bought 100 Silver Wheaton (SLW) @ $37, and 500 Yamana Gold (AUY) @ $12.05

Taking profits in Gold miners, rotating

Sold 1000 Yamana Gold (AUY) @ $12.70. 16% gain on this lot; still have 700 left. Bought 100 GoldCorp (GG) @ $54.80.

I don't really like the severe underperformance (relative and absolute) of miners vs. the metal. We've kissed my $1570 target for the metal from the IH&S pattern so I'm getting a bit cautious and getting smaller.

Definite rotation underway from $Silver to $Gold, at least in the momo trade.

Gap and Crap

Out of SLV @ $46.50. I'll take a ~6% gain in a few days. I didn't like the gap and crap.

No 'mo

Out of Phillip Morris (MO) @ $26. It provided an awesome total return of 49% (cost basis $18.25) including its fat dividend.

I'll buy this stock back in the low 20s, should it come back to me there.

The ride continues

Picked up 200 SLV @ $44.07. Selling at the first sign of weakness, but right now the parabola is in full effect.

Picked up 500 AUY @ $12.75, with a stop on these 500 @ $12.20