Futures seem to be pointing higher today but as you knpw they can change on a dime. My views haven't really changed, I am bearish; however, we are still in bear market rally territory until we close below 740 on the S&P. The market is doing weird things; therefore, I would sit on cash and make smaller trades. If I forced to buy long, I would look at cheap healthcare names but that is only if I was forced to buy. As you know, I am bearish on commercial real estate and on many REITs, not all though. I am short VTR and WRI. I will probably cover VTR today because the trade is up 12% since Friday. I will hold my WRI short while looking at other canidates like FRT,PLD,DRE,AIV. Ill have another com re report coming saturday
Ill be back trading tomorrow, take care
RF
Subscribe to:
Post Comments (Atom)
DXO hits its highest level since Jan 28!
ReplyDeleteStopped out SRS at 70.25 this morning. The market's volatility and range trading that has happened in the past few days, along with financials still trying to make up their mind which way to go now, leads me to be bearish also. But SRS is trading really strangely right now, so sitting out after making $30 bucks works for me. Still long TTWO - love that stock and the fundamentals behind it.
ReplyDeleteJ - you real bullish on DXO?
ReplyDeleteIf DXO can hold at this level for a couple days I am bullish. Traditionally whenever it goes past 2.50 we have a pullback, but oil just crashed through all the technical highs from December, so all bets may be off.
ReplyDelete