Last year my big idea was the IWM. I posted then. And then I've been posting in late Dec, Jan and Feb when I've been exiting. I exiting my final piece of that and the SPYs in the last 2 weeks. I didn't like the exhaustion gap on the SPY after the POTUS state of the union. I didn't like the sentiment levels. The SPYs I sold 3 days after the speech.
Meanwhile the IWM put in a short term double top. The remaining IWM I sold on the double top break and break of 50 days. I've been 100% out since those sells.
So I now have one full sized position. The gold miners thru - GDX and ABX. 35% position combined. 3% risk to equity. ABX is one of the more beautiful longer term bottoms I've seen with now a solid cup and handle first stage base that is thru its 50 and 200 days with pocket pivots
And I'm staking 2 other big ideas.
Uranium - Thru URA and CCJ. I have a 13% position basically off earlier break of 200 and 50 days. I'm waiting for completion of second base to build and then go to make bigger. URA could be done going down or this C will keep going. I added a little late last week. I would love! this at 200 day. The first base it broke out from in December is as beautiful as it gets. I don't think 7 weeks is it for a move which should be a year in duration.
And SEA. have 13% position on breakout of a weak handle. Waiting for longer, more real handle to complete to make bigger. A lot of tight closes
I have a smaller position in REMX ,similar position I haven't been stopped out on, that's it. Hope that helps. Those are big ideas currently and my biggest updates. Keeping it simple.
