This morning’s positive jobs data caught most investors off guard. Not only did it beat forecasts by 10,000, the previous month’s number was revised 50,000 higher. Much of my concern for the market’s direction came from my view that if the jobs data is weakening, the economy will follow. Based on today’s employment data and…
Month: May 2013
Removing Risk – SSO, QCOM
A lot of traders like to add to positions as markets move higher. I’m usually in that camp too, but the S&P 500 has had a hard time getting up to the 1,600 level on prior attempts and after bouncing around it this week. I figured I should remove some risk and either be ready…
End of Month Summary – April 2013
April was somewhat of a “blah” month for my account since I finished very close to my March closing balance. I did well with most of my positions, but my oil holdings and QCOM cost me all of my gains on paper. Oil limited my realized gains too since I played my UCO ratio spread…