We were expecting a consolidation day but the market gave back a bit too much for our comfort. Nevertheless the big levels are still holding but the range is tightening and we should get some real direction soon.
Here's what's left of our swings (at 3:50 PM):
As we tweeted today we sold ANR for 3.4% profit from Friday swing (earnings tomorrow) and sold SQM for 1% loss and MOS for 3.6% gain in front of AGU earnings tomorrow.
We gave back a chunk of the remainder of the positions from Friday but at least having these swings kept us from trading in today's chop-fest.
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