Early Update

So fat 5 of the 7 trading positions opened last week (actually 1 was a short that was held, PCLN) are all in the green this morning, even the PCLN short is in the green. DGAZ is the biggest winner so far at nearly a 7% gain off the open.

IOC (long) is down half a percent and MCP long, but I do like MCP long for a move here as a Call position was opened Friday and from what I see so far this morning, that was the right call (no pun intended...well maybe a little). That MCP call is up 10.5 % so far this morning.

Again, it's just be patient, manage the positions and let the market tell us when to make the switch back, patience right now, we were set up and ready for this last week. The movement now is setting up the next opportunity.

So far the new "Trading Portfolio" which does NOT include the MCP call or any options is now up over 15% since inception about 2 weeks ago.