We don’t want to load any more short calls up, but nor do we think its a stock picking market at the moment (see recent notes on SPX E-Minis and Oil for context).
Position changes:
– AAPL US Long from 3 February @ 269.2. Close at Open, expect a downside burst.
– CMCSA US (Comcast) Long from 24 February @ 31.5. Close at Open, was called for an upside re-join which didn’t happen.
– NVDA US (Nvidia) Short from 17 February @ 179.8, stale short, too resilient in current broad market sell off. Close at Open.
– BMY US (Bristol Myers Squibb) Long from 5 February @ 58.9. Close at Open. Did well in pre-market sell off, but getting sucked down and stale now.
Will send a note with all calls to date and performance stats after US Market Open today.
This post was first published on Hurst Cycles Notes.
