Cutting Dead Weight Into the Bell; Chess Moves
Into the bell, I covered up my AAPL CP MA shorts for small losses, basically 1-2% each.
I was not playing them to eat up capital as the market churns buyers and sellers, but rather to see immediate downside. That didn't happen, at least soon enough for me, so I decided to cut and move on.
As it stands, I am long TMV as it looks as though bond bears are turning in a good session on TLT's breakdown.
See you after the bell for my video market recap.