I would like to take a moment and revisit my Tactically Bullish post from Wednesday. On the pull in, we bought Goldman Sachs around the 100-day moving average--$165, Apple around the 50-day moving average--$187, and Intel around $18.60. Since then, all of our macro targets have been met--as a result, we are now flat in the macro account aside for gold (we remain long one tier gold).
For now we will focus primarily on daytrading until some new macro opportunities present themselves. As the S&P moves higher we will look to enter some macro shorts if it can stretch to the 1120-1130 area later this week. Stay patient and wait for tactical levels before initiating positions.
Hope everyone had a great morning and check back here for more updates.
Scott
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