Wednesday, May 22, 2013

Bernanke... Oh, He Spanked Me!


Unfortunately, I joined the bull camp again at the wrong time.  My equity took a dip today as BOJ failed to deliver more upside and Bernanke's testy testimony brought out the lurking call sellers.  The money on the sidelines may just be looking for an opportune moment to sell the rips - not buy the dips.  

Though I benefitted from the initial MRK $5 billion share buyback pop with some profit-taking, the new MRK calls I got into are swimming in MRK-y waters.  

I took the bulls by the horn and got some AA and AMD calls off the table, then added some CORN, WEAT, DBA, and UVXY calls to my $164 and $158 SPY puts, which are still alive - maybe, sort of.  

Let's do it, semi-bears!  It's repatriation time...


-2.07% SBA
-1.35% Roth IRA

-0.52% DJIA
-1.11% Nasdaq
-0.83% S&P 

+0.53% FTSE
+0.24% Eurofirst
+1.60% Nikkei
-0.12% Shanghai
-0.25% SENSEX
-0.45% Hang Seng

-2.08% WTI
-1.42% Brent
-0.50% Gold
+0.73% Copper
+2.81% Corn

-0.71% GBP/USD

-1.58% DJT
+3.66% VIX

+4.22% 10-Year US Treasury Notes



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