The following is daily commentary for the Week of December 27, 2022. You can scroll down to see portfolio positioning throughout the week along with various performance metrics. This post gets updated every morning prior to market opening so be sure to check back for daily updates.
Tuesday 12/27/2022
Good afternoon. I’ve finally made it back to my trading turret, home from spending Christmas out of state with relatives, and now I’m honing in on a New Year’s trading strategy to start 2023 off with a bang. I begin today’s commentary with coal, but I end by outlining my strategy for Q1 2023 which should reap substantial rewards if it plays out as I anticipate.
The magnitude of the recent coal selloff has taken me somewhat by surprise, but I’ve outlined the range-bound thesis in previous write-ups and I’ll reiterate it here in case you missed it, refer to the chart below: