Hi Antagonist members,
Yesterday in our chat thread, I discussed several trades that I was trying to open. Those orders filled, and the details are below.
Also, one of our Blend portfolio holdings closed below our trailing stop, so I closed it. Those details are below as well.
New Challenge Portfolio Additions:
Here’s what I wrote yesterday in our discussion thread:
A debt ceiling deal was reached, and now it must pass the voting procedures. When that happens, stocks may rally.
As I've said earlier, however, I don't think this market has much left in the tank. All the gains YTD have been driven by AI hype, and the latest rally was almost entirely because of NVDA earnings and rumors of a debt ceiling deal.
Therefore, I'm opening some short positions on the S&P 500 (SPY) and the Dow Jones Industrials (DIA) today.
Here are the details of each new position:
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