June 5

9:30 a.m Covered some SSRI for a 3% profit. Will reload some portion higher.
9:40 a.m Shorted SPY sliver at 95.


6.50 p.m Was loaded with work for the entire day and could not watch the action. End of the chart sweep suggests a big fight occurring at the top of a move. Couple this with strength in the dollar, weakness in PMs and our cycle date in the week of the 11th, we believe a (at least short term) top is in progress. Our SPY sliver short strategy has worked well and consistently thus far.
Our pf without the house money longs is
5% short silver
10% short SPY ( +2% PUT)
5% DRR
5% UNG
5% R

Rest is cash.

Next week we will look to short TBT/go long the bonds. We should see a nice rally in bond prices.

We would like to leave with a post of ours from a few days back. Look at how AAPL has rallied relentlessly to fulfill the prophecy. Today we got the first sign of weakness on this stock. Since the candle is so small, it is ideal risk/reward to short AAPL right here right now.
Have a good weekend.