That pre thanksgiving trade now started on the monday beforehand. Huge gap, all the momo names going nuts, no real chances to trade. Got one good trade in POT 3.5 points on a trade but it was against long vol - and vols got creamed today - pie in the face ugly.
The world we live in now nobody even is bothered by the fact that oil,gold,treasuries, and stocks are all up together....I thought my portfolio would fare pretty well in a gap opening - it didnt I got hurt on long volatility and my long positions really underperformed -
Here were your big winners
AAPL + 2.85%
AMZN +2.58%
BIDU +2.47%
GOOG +2.2%
yada, yada, yada. It appears that the market has decided that AAPL and GOOG are going to split up the smartphone world and thats it end of story.
How bout Gold up another $18 dollars today? Amazing - simply amazing - I dont remember a time when the stock markets direction and golds were so linked - if the market gets killed it means the dollar is ralyling which will mean gold is for sale - to qoute Walter Sopchek "has the whole world gone crazy?"
Cya tomorrow
JB
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