Taking Some Profits On Lowe's Pair Trade

After a nice run I unwound the portion of my long Lowe's/ short Home Depot trade that I added at the beginning of the week. I am back in the black on this trade and I am sticking with my original position.

5 comments:

OriginalChaos said...

JPMorgan upgraded LOW today pretty much on the catalysts you mentioned. Nice call.

OriginalChaos said...

How are the Rydex numbers?

Tsachy Mishal said...

At an all time record.

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OriginalChaos said...

There may be a trade on the short side here.

Tsachy Mishal said...

I thought the bears had a decent shot today but the large caps are just bulletproof. Very frustrating for somebody who does not like to chase extended markets.