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8/7/18
Thomas Thornton
Hedge Fund Telemetry Trade Ideas


Made 10 changes today:  FB, XLU new short ideas with 2.5% size,  FXI new long idea with 2.5% size.  Removing BA, MS, XLF, FDX shorts.  1 winner, 4 nominal losses.  Reducing by half to from 5% size to 2.5% DIA, NVDA, KO.  Will wait for DIA and NVDA upside 13 and will buy back KO on wave 4 dip.  It's been a bit frustrating on the short side with some ideas yet with bullish sentiment again extreme and potential upside daily DeMark exhaustion signals within days risk reward on long side is not ideal.  Let me know how you like this format.  
Current Trade Ideas Sheet


More cash on the sidelines.  Voted off Alpha Island some that were not working which is cleansing.
 
New Ideas and Comments on Recent Ideas


FB bounced and now qualified this bounce as the 2nd of 5 downside waves


FXI Hong Kong China ETF - as I have been saying I want to buy this with a price flip and today we got it so going long 2.5% size to start


XLF weekly is not worth fighting for now.  My thoughts on the largest weight JPM were on yesterday's note.  


Coke just want to buy a pullback so reducing size


XLU upside exhaustion 13's

 


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