8:30am EST The trade was once again very easy yesterday. The Fed came out with a dollar-positive statement. The dollar rose and equities sold off. It was pretty simple. I am still short the market in general and I will be short until the dollar begins to weaken again.
The Oracle (ORCL) trade worked very well yesterday. As I mentioned, it was a day trade for a couple of extra bucks. I think the stock ultimately goes higher with even a modest recovery. However, I think the overall market will wiegh on Oracle in the short term, and there will be better times to buy the stock as a long term investment.
I am going to sit this session out for the most part today. I am happy with the overall short-market positions I have on and the longer term investments I currently own. Until next time, stay low risk..
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