13Feb3:41 pmEST
Opting for a Peaceful Long Holiday Weekend; Chess Moves
After a solid week, with my seminal trade being the big long UGAZ win, I am opting to move back to flat into the long, holiday weekend with Presidents' Day on Monday closing the market for the full session.
As such, I sold my USLV long at $24.15 from my earlier $24.49 entry for a small loss, less than 2%. I did not like the fade this afternoon in the metals and miners, and would have preferred to have seen the upside momentum in them build off the morning gap higher.
I am looking to come back on Tuesday with a clean slate, stalking another long natural gas and short crude trade. Select equities will be in focus, too.
But I will discuss all of that, and plenty more ideas, in my Weekend Video Strategy Session on Sunday.
Have a great long weekend, and I will see you there!
Well-Defined Friday Afternoo... Educational and Actionable E...