
Tokyo was down 1.52% last night. Oil is down about 2% pre-market and gold is down 1% as well. Seems like some slight changes in market complexion and we may see some selling. I am still long Nike (NKE) but sold out of Whole Foods (WFMI) and Las Vegas Sands (LVS) earlier this week. I was probably a bit premature on those sales and they had not reached my ultimate targets. Should we receive some downward pressure, I may look to re-enter these two.
The Securities and Exchange Commission is now considering putting tags on high frequency trades to track potentially manipulative trading tactics. Check out Themis Trading for a brief article and Senator Kaufman's response.
Disclosure: Long NKE.