I have now jettisoned a few longs (telecoms and transports) and covered some shorts (metals). The longs went because I had to sell something into this up move which was a bit unexpected and poorly timed considering the news backdrop. The metals have hit their downside targets. I could be very early on that since the dollar is just starting to bounce but I would rather play tight as the overall trend in metals looks higher.
Maybe I will put some new trades on in the afternoon but for now am just waiting to see how high this rally goes.
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