Just a quick update. I sold out of my Nike position just seconds before the close at 83.25. Although this was a good day where the market sold off at mid day and came back, there was weakness at the close I didn't like to see. I think today's small drop could pave the way for some gains tomorrow, but I wanted to get out with a profit and load some ammo if this drops back down under 80. So in my trading accounts I have a short bias, with FAZ, OPEN, and BID on the downside, and BWLD for the upside (with GRMN and CVD as long positions, but have held for the longer term).
Thursday is going to be a key day this week before options expiration. With reports of CPI, Jobless Claims, Existing Home Sales, Philadelphia Fed Survey, and Leading Indicators, there's going to be a glut of info to digest.
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