I have the day off and it is frigid up here which will likely keep me indoors for the day. I have plenty of house keeping items to attend so I will have plenty to do.
First point of business this morning was to check over my market positions and make a plan.
As I have been writing about recently, something feels very wrong to me right now and everything I am looking at makes no sense. In that light I closed out the following positions (all winners) this morning:
I still hold a very small position in OMEX, but that company has been a huge disappointment. Still, as a lotto long I love any company that looks for sunken treasure!
I am now 98% in cash for my trading account. I still hold a position in gold and silver that remains a core holding and is not likely to ever be sold, and I do not count that in my trading account.
So why now? As I said, something feels wrong. I am also looking at some new ideas to trade, but I will need some more data points before I lay them out on the blog.