Trading

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September 11, 2017

Trading

  • Close: EGN
  • Initiate: GNW

September 6, 2017

Trading

  • Close: FOXA
  • Increase: TRVG

August 18, 2017

Trading

  • Close: SNI
  • Initiate: EGN
  • Increase: SPY short

August 9, 2017

Trading

  • Increase: TRIP
  • Initiate: TRVG

August 7, 2017

Trading

  • Initiate: TEVA

August 4, 2017

Trading

  • Re-Initiate: VIAB
    • Notes: Encouraging bottoming action by VIAB out of this morning’s plunge. And while I could be wrong, the “hands” in this stock are too strong for there to not be a push for M&A…M&A that is not on the buy-side, as indicated by VIAB’s interest in SNI.

August 3, 2017

Trading

  • Increase: SPY short

August 1, 2017

Trading

  • Initiate: UA

July 31, 2017

Trading

  • Increase: DISCK (twice)

July 26, 2017

Trading

  • Reduce: NRG, SNI
  • Close: VIAB

July 13, 2017

Trading

  • Increase: SPY short
  • Initiate: AXL

June 22, 2017

Trading 

  • Initiate: SPY short 

June 14, 2017

Trading

  • Initiate: TRIP

June 13, 2017

Trading

  • Initiate: P

June 6, 2017

Commentary

9:45 am – Based on post-Election breadth measures, the global and US equity markets had the makings of a 2013-style bull market. While breadth is still strong – and thus the market is likely months away from a cyclical bear market, if at all – it is no longer in line with the 2013 ripper. Anything can happen, and the market could take off from here and not look back until well over SPX 2500; but with global investors highly attuned to the fact that global equities are overvalued, there is likely little demand for equities in the offing…and this is beginning to show up in sagging breadth, particularly in the US market.

Again, anything can happen – but entering the summer months with global investors possessing little appetite for current valuations, sentiment spiking, and breadth beginning to sag, I want a healthy amount of fresh dry powder ready to go.

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