Monday, December 31, 2007

Shorting Fannie Mae


Yes, I realize it's a low volume, low participation day. But this low volume rally is very compelling me to test the water on the short side. Hence I will sell 1 unit of Fannie Mae short at $40.10 with a stop at $41.10

Looks to me like a low risk high reward entry as I expect at least a retest of the lows at $27 or worse.

Good trading to you all.

Open Positions:

Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 4 units Currencyshares Japanese Yen ticker FXY @ $86.60 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Long 3 units U.S. Natural Gas Fund ticker UNG @ $34.16 stop at $32.90
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 units Amazon ticker AMZN @ $84.18
Short 1 unit Goldman Sachs ticker GS @ $214.75 stop $221.25
Short 3 units Honeywell ticker HON @ $61.10 stop at $62.40
Short 1 unit Fannie Mae ticker FNM @ $40.00 stop at $41.10

Goodbye 2007

Well, here we are at the end of another year of our lives. I want to take this opportunity to wish all the readers of this blog a safe, prosperous, joyful and thankful 2008. I have no idea what is in store for the new year but one thing I am sure of is that we can all be thankful for the countless wonderful things and people we have in our lives.



We must continue to cycle the flow of energy of all that's good and wonderful. This blog is one is one of my small contributions to the universe in this regard. To those that read regularly, thank you. I hope you find it informative, instructive and thought provoking. Your questions, comments, and feedback, whether in agreement or not, is most certainly appreciated and welcome.



Please do not misinterpret my bearishness on the markets for negativity, it isn't. If the facts support this (in my opinion they do) then rules of prudence and basic survival instinct mandate that you govern yourself accordingly for to do otherwise would be foolishness and defy all logic. I am not a permabear nor permabull but rather an speculating mercenary, choosing to fight with the stronger side.



Just as swimming against the current inevitably ends badly, so does fighting a losing battle. This is why we must cut our losers short and let our winners run, never adding to a loser and adding to winners. Preservation of our mental is as important if not more important than the physical kind. Some are looking for charts with lots of indicators, but I prefer to keep things simple and uncluttered. My many mistakes have taught me so. It is just that simple.





I am committing myself once again in 2008 to do more of what I am doing right and less of what I am doing wrong, both personally and professionally.



Wishing you all the goodness 2008 has to offer. Good trading to you all.

Open Positions:

Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 4 units Currencyshares Japanese Yen ticker FXY @ $86.60 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Long 3 units U.S. Natural Gas Fund ticker UNG @ $34.16 stop at $32.90
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 units Amazon ticker AMZN @ $84.18
Short 1 unit Goldman Sachs ticker GS @ $214.75 stop $221.25
Short 3 units Honeywell ticker HON @ $61.10 stop at $62.40

Friday, December 28, 2007

Triggers Hit on UNG & HON

Natty (ticker UNG) moved thru my trigger of $35.50 and filled my 3rd unit long at $31.55. Now we have 4 units.




Honeywell (ticker HON) moved below my trigger of $60.80 and filled my 3rd unit short at $60.79.


Good trading to you all.




Open Positions:

Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 4 units Currencyshares Japanese Yen ticker FXY @ $86.60 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Long 3 units U.S. Natural Gas Fund ticker UNG @ $34.16 stop at $32.90
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 units Amazon ticker AMZN @ $84.18
Short 1 unit Goldman Sachs ticker GS @ $214.75 stop $221.25
Short 3 units Honeywell ticker HON @ $61.10 stop at $62.40

Quick Update on AMZN, HON, and UNG



Amazon above is a position I am trying to micromanage due to the lack of a stop entered. As my notes indicate as much as I would like to add as it rallies into a heavy resistance area I will not. I have many bad habits but averaging losers is most certainly one I do not wish to add to my repertoire. Many will argue he merits but the empirical evidence suggests otherwise. Just ask the Queen of England what she thinks of dollar cost averaging because as I understand it, it was the cause of her personal banks', Barings, insolvency.



Regarding Honeywell ticker HON. I am looking to add a 3rd unit short on a move down thru $60.80.
Regarding U.S. Natural Gas fund ticker UNG, I am looking to add a 3rd unit long on a move thru $35.50
Good luck and good trading to you all.

Honeywell Triple Top


In my humble opinion a wonderful looking triple top formation offering a low risk, high reward entry has formed here on the daily. Therefore I am shorting 2 units of Honeywell at $ 61.40 with a stop just above the highs of the formation at $62.30



Open Positions:
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 4 units Currencyshares Japanese Yen ticker FXY @ $86.60 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Long 2 units U.S. Natural Gas Fund ticker UNG @ $33.92 stop at $32.90
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 units Amazon ticker AMZN @ $84.18
Short 1 unit Goldman Sachs ticker GS @ $214.75 stop $221.25
Short 2 units Honeywell ticker HON @ $61.30 stop at $62.40

Long More Yen

Case Shilling 20 city index down in 17 of 20 markets but remember, housing has bottomed, its a great time to buy. Stop deluding yourselves, those of you that still are. This problem is here for some time and it will not turn till it turns. And it WILL spread like cancer to the rest of the economy.

Remember when a bubble bursts, and this housing bubble was the mother of all bubbles, it is many YEARS before it regains it's former glory. Gold, internet, tulips, hoola hoops, beanie babies, cabbage patch kids, etc. You name the item the rules still apply, to think otherwise is folly.

The volume was very nice yesterday on UNG along with the price action. I am comfortable adding a 3rd unit long to Natty on a move thru $35.50


The Yen has moved(small gap) thru $88 this morning and I am long a 4th unit of the Yen currencyshares ticker FXY at $88.20

Some charts to follow later. Good trading to you all.

Open Positions:

Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 4 units Currencyshares Japanese Yen ticker FXY @ $86.60 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Long 2 units U.S. Natural Gas Fund ticker UNG @ $33.92 stop at $32.90

Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 unit Amazon ticker AMZN @ $84.18
Short 1 unit Goldman Sachs ticker GS @ $214.75 stop $221.25

Thursday, December 27, 2007

Shorting Goldman Sachs

It bothers (vexes ?) me to say the least that Goldman can defy the proverbial gravity gripping the financial sector. I am reminding myself that when they raid the brothel, even the piano player goes to jail. Best of breed be damned Jim Cramer. I won't forgive myself if I don't so I shall short 1 unit of Goldman Sachs, ticker symbol GS here at $214.85 with stop at $221.25

Good luck and good trading to you.

Natural Gas and the Yen


Time to punt on Natty with a 2unit long position here at $33.85



Getting long more Yen with a 4th unit on a move thru $88.

Shortened Week

I hope everyone had a very Merry Christmas with friends and loved ones. I was out of town with family and had a wonderful time. I will post today and tomorrow and be back at it on the 2nd of the new year. I apologize for not posting my Christmas schedule last week, I simply forgot.



Bhutto assassinated, Citi dividend in jeopardy, more losses at Citi and Merrill according to Goldman, super SIV plan trashed, holiday retail sales garbage. Case-Shiller housing numbers for October are junk, and today, we got higher jobless claims along with continuing claims, durable goods orders up 0.1% vs @% exp. These are the facts. I prefer to look at revisions and more importantly, their direction up or down, as this tends to smooth things and be much more reliable.


Stopped out of 3 positions while on holiday.


My longstanding position in the Ultrashort Financials ticker SKF was sold at $94.90, almost the low tick of a low volume day. Holiday trading is erratic to say the least as a psychologist would have a field day analysing the cats who trade that day, that's not sour grapes just my observation. Stops protect more often than hurt you and in this case I still like the financials short so this will probably cost me but that's okay I can always re-enter the position albeit with not the type of insulation I had previously owning 4 units at $76.45.



Stopped out of Blue Nile ticker NILE at $ 74.30 for a small loss considering we owned 2 units at $71.65



Also stopped out of IBM at $110.80 for another small loss given our cost on 2 units of $108.20



Fewer positions to manage is better in the long run. No question about it. I will have some charts later today. Good trading to you all.


Open Positions:

Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99

Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03 stop at $85.25

Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69

Short 1 unit JC Penney ticker JCP @ $62.90 stop at $48.50

Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50

Short 2 unit Amazon ticker AMZN @ $84.18


Wednesday, December 19, 2007

How Low is Low?

I want everyone to take a nice long look at the following chart. There are many I could chose from but this one of Advanced Micro Devices will suffice. The stock was on a tear and the bulls and believers were legion. The news was glowing and there was no end in sight for the stocks run. Remind you of anything today(solar, wind, China) Then it all ended.



Just as I shared with you my story about Nortel, no matter how bearish anyone was on AMD and there were many, none of them, ZERO, ZILCH, NADA thought AMD was headed for the single digits. Even if thy did to say so would mean purgatory if not a visit by men in white coats for a trip to a room with padded walls. Please remember this Stocks can rise and fall much farther than any of us can imagine at the time. So when they come on pompom TV (CNBC) and tell yo how Citi is at $30 how much lower can it go, intimating it can't, just pull up a chart of NT, or JDSU, or AMD to remind yourself that YES IT CAN FALL MUCH FARTHER !

Regarding Citi, I know many will disagree and some will think I have lost my mind but the Citi elevator's next stop should be $16 and then $8.... and yes, I will be looking over my shoulder for the men in white coats.


As I am writing this the news of the downgrade of ACA the bond rating agency is hitting the wires and the markets are turning red. Punch up a chart of Ambac or MBIA, I think we can conclude news conforms to the tape. Oh by the way, everything is contained, and the global economic backdrop is strong ! (gotta keep remembering to repeat that often)

I wanted to put up a weekly chart of Deutsche Bank DB just so you keep it in the back of your mind.



Good trading to you all.

Tuesday, December 18, 2007

Noteworthy Louise Yamada Comments

Did anyone catch Louise Yamada on CNBC last evening.If not I suggest trying to catch her segment on Fast Money on CNBC. I don't usually watch the show unless a guest care to hear is making an apprearance. To call her a well respected technician would be a major understatement. Her comments are always worth the time and effort to listen to.

She had a chart of the S&P Diversified Financials versus the S&P500. In the segment she detailed how we have a problem as the chart shows the financials having broken a 6 yr top> Louise focused on the significance of the lengthy time frame which makes the break more ominous. She called it a "structural deterioration" which can go on for years, signaling something out there that we don't yet know about given the market being a discounting mechanism. I loved hearing her say that as you all know I would given my believe all news conforms to the tape not the other way around. Louise also compared this breakdown to the structural breakdown in the computer hardware arena back in the 80's which had good bounces but then went down for another 8 years. One of the panelists, Jeff Macke whom I don't know but seems informed chimed in about how the financials go so goes the market. He could not be more correct in his assessment.

For any of you interested in the goings on at Chrysler and their proud new owners Cerberus, a visit to Peter De Lorenzo's AutoExtremist site this week offers some interesting reading. Readers of this blog know how I feel about Cerberus and Nardelli but Peter is a)much better writer and b)well connected regarding auto industry goings on. To think of the smartest guys in the room errr sorry I meant to say Cerberus, and their escapade into the mortgage arena and now the auto industry, I truly wish I was a fly on the wall in their strategy meetings, just to hear how the smart money, master of the universe, MBA draped, Ivy league type discuss their monumental screw ups. For some reason I have gut feeling that a mirror is in no way involved.

Good trading to you all.

Open Positions:

Long 4 units Ultrashort Financials ticker SKF @ $76.45 stop at $95
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 unit Amazon ticker AMZN @ $84.18
Short 2 units Blue Nile ticker NILE @$ 71.65 stop at $74.20
Short 2 units Int'al Business Machines ticker IBM @$108.20 stop at $110.75

Monday, December 17, 2007

Gold and Crocs

Another nice looking bear flag, this time on Crocs. Watch for the break of $39

Gold is the laggard here and should follow the path of the next chart. I am bullish on gold given the credit market nightmare just not right now. Gold has gotten way ahead of itself and though I may be very wrong I will err on the side of caution and continue to stand aside and wait patiently.

The Market Vectors Gold etf is the leader, no question about it. It tells you where gold is going. Leverage tends to do this and the miners are leveraged to the bullion.








Open Positions:
Long 4 units Ultrashort Financials ticker SKF @ $76.45 stop at $95
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 units Amazon ticker AMZN @ $84.18
Short 2 units Blue Nile ticker NILE @$ 71.65 stop at $74.20
Short 2 units Int'al Business Machines ticker IBM @$108.20 stop at $110.75



Monday Morning Rant

So California has a deficit and Gov. Schwarzenegger is declaring a fiscal emergency. Are you shocked. Will you be shocked when Florida, Arizona and Nevada make similar announcements?
Back in the summer the governator's office projected a $4 billion reserve and now the deficit is $14 billion. As I have said numerous times regarding Wall St., The Fed et al... are you still listening to these guys? Why? How many times do you need to be lied to. +4 to -14 is not a rounding error.

So here we have a housing bubble of massive proportions with California as the poster child. Windfall revenues for a governor to spend as he pleases with the state enjoying employment nirvana. They cannot make things work when things are bubblicious then how will they do when things roll over? Can we short CA, FL, AZ and NV? Are you still buying these muni bonds everyone is touting. How good is their guarantee? Will it be paid back in funny money(worthless U$)

Lets do a quick back of the envelop comparison that your average simpleton can understand(namely me).

Do I buy the bonds of California, Florida, et al. where the revenue boom is evaporating and will get worse and property market worsens(wait till commercial piles on as it is) or do I consider buying bonds of companies who are backed by reserves of physical assets like gold, coal, copper, oil, natural gas, etc located in domains governed by rules of law. Now who might I ask has a better chance of making good and their commitments? I would humbly suggest that the bonds of companies whose collateral (novel concept for Ivy league MBA's) is tangible and valuable may very well be the one. Do some investigating and decide for yourself.

Maybe Treasury Sec. Paulsen should come up with a Hope Now plan for these strapped state governments or better just hit the re-set button on their state paper and repudiate their obligations. If its good enough for housing why not try it out. Just thinking out loud.

Now remember all this is happening as the state and local governments have spent nothing on infrastructure which is rapidly deteriorating. Now do you have an inkling as to why their is such a pervasive bearishness on the U.S. dollar. This current bounce is nothing but an overdue dead cat bounce which should be sold into but I digress, again.

Good trading to you all.

Open Positions:

Long 4 units Ultrashort Financials ticker SKF @ $76.45 stop at $95
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 units Amazon ticker AMZN @ $84.18
Short 2 units Blue Nile ticker NILE @$ 71.65 stop at $74.20
Short 2 units Int'al Business Machines ticker IBM @$108.20 stop at $110.75

Charts on IBM and Amazon



This chart looks quite nice as another larger flag forms. The lower boundary of the flag is 104.5 but I will wait adding a 3rd unit short on IBM on a move thru 105.




As my notes indicate I would love to add but cannot and will not add to a loser. Then I would be no better than Nick Leeson and we all know what happened to him averaging his losers. So I sit tight for now.

Sunday, December 16, 2007

Charts on Index Tracking Shares

Back from my trip and at my post. Well that was quite the week in the markets. I think we sometimes get caught up in the day to day ebb and flow of the markets only to lose sight of the broader picture. I find it refreshing not to mention helpful to step back and have a peek at weekly and even monthly charts for some much needed perspective. Here is a weekly view of the major indices tracking stocks with some very brief comments.

I also want to touch on the issue of being brief and my ofter limited comments on charts. A reader recently forwarded me a chart (thanks Mike) with, shall I say, a plethora of comments by the author, to the point I really couldn't see the chart anymore. I am not putting this down as we each have our own mo's and it probably works very well for him. I prefer to keep my comments very brief and to the point for the very fact that my limiting brain needs it. Besides, as my good friend in politics always reminds me, "when you're explaining, you're losing".

I have also been fooled and tricked into believing various oscillators and other ancillary indicators which kept me in a position longer and much more expensively than I should have, they effectively diverted my attention from the important aspect of price action. hence my propensity to keep the level of 'indicators to a minimum. This does not mean I don't have a peek at them from time to time, I do. I just don't let them overwhelm me and cloud my thinking. Whenever I have it has cost me money.


As I have sent numerous times before price is paramount for me with volume a very distant second. The minute margin clerks and brokerage statements start using another measure for valuation I will too. Good trading to you all.




















Friday, December 14, 2007

Quick Update

Had an opportunity to post today. Just wanted to update the blog and cover some position changes while away. Citi taking about $50 billion in SIV's back onto books. This is a small step and I emphasize small step in the direction of transparency. It does not rectify the miriad number of issues surrounding financials but it is welcome, hence the bounce in C. It is in no way the pancea on the road to health. Any bounce here is your chance to unload longs positions or get short, the choice is yours. Just make sure you ignore the touts on CNBC telling you its the buying opportunity of a lifetime. CNBC is right about one thing on Citi, it is nothing like 1990, its FAR WORSE!

A little housekeeping on some positions.

Lowering stop on C to $35.50
Lowering stop on SKF to $95
Lowering stop on SRS to $99
Lowering stop on JCP to $48.50
Adjusting stop on FXY to $85.25


Was stopped out of 2 units of ICE at $186.75


Short another unit of NILE @ $71.05 as $71.50 was our trigger. Now holding 2 units short @ $71.65 with stop now at $74.20


Short another unit of IBM @$107.85 as $108 was our trigger. Now holding 2 units short @ $108.20 with stop now at $110.75.


Open Positions:

Long 4 units Ultrashort Financials ticker SKF @ $76.45 stop at $95
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28 stop at $99
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03 stop at $85.25
Long 1 unit U.S. Oil Fund ticker USO @ $53.20 stop at $69
Short 1 unit JC Penney ticker JCP @ $62.90 stop at $ 48.50
Short 1 unit Citigroup ticker C @ $44.70 stop at $35.50
Short 2 unit Amazon ticker AMZN @ $84.18
Short 2 units Blue Nile ticker NILE @$ 71.65 stop at $74.20
Short 2 units Int'al Business Machines ticker IBM @$108.20 stop at $110.75

Saturday, December 8, 2007

Major Index Fibonacci Retracements.

I have enclosed daily charts of all the major indices with their fibonacci retracements. For those new to fibonacci (Italian mathematician) you can google much about him but for our purposes we look for "the box", which is the 50-62% retracement of the prior move. Currently you can see many of these indices are in the box. This is where they could turn.
































Week Ending Random Thoughts

Just wanted to touch on a few things and please excuse my random jumping around. My personal opinion is that this is a major suckers rally. People are being deluded into thinking that this stock market strength is a major vote of confidence in the economy and earnings. I would get on board except there are major and I mean SERIOUSLY MAJOR warning signs in the credit and fixed income markets that pose a negative divergence with what is going on in the equity arena. To ignore this is folly of the highest order.



School districts running on a money market fund to the point Florida governor Crist, et al. have to freeze it! Yet this is time to go out and buy stocks, this is called compelling value to the bulls? I must be brain dead, I must not get it. Yeah sure, the same thing the rookies at my old firm, emboldened by the likes of Blodgett, Meeker, Grubman et al buying QCOM, JDSU, and NT with both fists said before.



U.S. job cuts jumped 16% in Nov. according to Challenger. But Paulsen assures us job growth is robust and the global economic backdrop is fine. Yet, the Bank of Canada and the Bank of England both gut rates. I prefer to watch what they are doing not what they are saying. Those hoping (praying) that this Hope Now proposal by the comrades in Washington will be the miracle fix, well someone needs to explain to me, how and why people who have no equity in their home via (equity stripping and market depreciation) have any incentive to stay there. I am listening. The positive to all this is the tremendous opportunity offered going long a basket of securities litigators and contract law attorney shares. Anyone knowing of any indices offering this type of play please let me know.



Look this rally smacks of distribution, that is smart money talking things up so they can distribute stock to dumb money. Remember how great tech was and would continue to be through the new millenium. The major firms and institutions cannot bear(pun intended) to have you front run them. How dare you ! Bear market rallies look and feel impulsive, they need to they are a combination of new buying and short covering. They occur with temporary counter trend news, because as regular readers here know, NEWS CONFORMS TO THE TAPE. These counter trend rallies are fast and furious but are very short lived, with volume lacking and resuming it's rush on the downside.



The risk reward profile of this market does not speak to an aggressively long stance, it actually speaks to a short stance, how aggressive really is what is debatable. Wall St. and is agents have no incentive, financial or moral to suggest to their clients anything but rosy bullishness. One would be hard pressed to find any clients in cash greater than 10%. The reason you ask? No revenue for them when clients are in cash, at least the kind that keeps them in good humor. Besides, having cash reflects your lack of acumen(or level of stupidity) and means you have no idea what to do.



I want to comment a little more on the ADP jobs report from this week, do you really believe jobs were added in construction and finance? or its it me who just doesn't get it? Well. I don't buy it for a moment and f you do I have a nice piece of land for you, little moisture retained(ie. swamp) but lots of potential and heck all real estate is local, right? Let me find you the number of that Nigerian agent handling the deal......



We keep hearing that the consumer is fine, he's okay, reports of his/her death are greatly exaggerated. Well just look at everyday consumer stocks. Target, Panera Darden, Starbucks, JC Penney, Best Buy, Circuit City. They do not look like the consumer is okay. They look to me like something is up or at least wrong with Mr. & Mrs. Consumption.



Those looking for all this Sovereign wealth money to prop up our economy and be the saviour. Well, as a retail broker in Canada for 14 years I want to introduce you to a concept called exchange rate risk. You know you buy say Office Depot at $14 and watch it appreciate 30% only to see the CAD $ rise 25% for a measly 5-6% appreciate net of fees. Now maybe people will see why coming here may not be as great a prospect as CNBC might, cancel that, will lead you to believe. I know, I hear you saying hedge the currency. I agree, but where are the hedges now? How many have done that, go ahead, ask your neighbours. Hedge funds, doubt it, waters down their returns and would be like making a pass line bet in craps. Everyone wants to swing for the fence, with leverage.



I will get off my soap box now but one last thing. If the facts change I will change but until they do I am very comfortable being short.





I will be travelling overseas(Europe) this week meeting some old clients and hopefully some sightseeing along the way. This will leave me unable to post on a consistent basis, at least until much later in the week. Good trading to you all.

Friday, December 7, 2007

Friday Morning

Herb Greenberg of Marketwatch has an excellent post on his blog regarding the mortgage markets which is worth your time given the proposals being put forth by the Central Committee members of the Peoples Republic of the United States.


Stopped out of the QID position which means the all clear signal for liftoff. Small loses are frustrating but manageable.



Looking to add to my short NILE position on a move thru $71.50.



Also looking to add to the IBM short thru $108



AMZN still appears on the list when it should not as it has violated the stop, that happens when you think you are entering a GTC stop loss order and it only is a day order. Gotta sit now and look for an exit. Good trading to you all.


Open Positions:
Long 4 units Ultrashort Financials ticker SKF @ $76.45
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03
Long 1 unit U.S. Oil Fund ticker USO @ $53.20
Short 1 unit JC Penney ticker JCP @ $62.90
Short 1 unit Citigroup ticker C @ $44.70
Short 2 unit Amazon ticker AMZN @ $84.18
Short 2 units Intercontinental Exchange ticker ICE @$176.28
Short 1 unit Blue Nile ticker NILE @$ 72.25
Short 1 unit Int'al Business Machines ticker IBM @$108.55

Thursday, December 6, 2007

Charts on IBM and RIMM





I know this flies in the face of the pundits on CNBC who love multi-nationals and their glorious overseas business and earnings. I let the charts talk and this says 'going down'. Hence I am shorting 1 unit of IBM @ $108.65 with a stop above the small double top inside the bear flag @ 110.75




Keep your eye on NILE as a break below that neckline again would signify a serious deterioration. I cannot add to a losing positioin as this would make me no better than Nick Leeson and numerous others out there who average losses, which guarantees a visit to the poor house. I will add thru $71.50






Regarding W's press conference and his comments that this housing issue is temporary and we will get thru this and avoid more serious consequences, well I humbly beg to differ. This is not contained as we had been told previously, nor is this issue temporary, but government meddling and intervention most definitely will lead to worse consequences. You can either rip the band-aid off (short term pain)and let natural market forces adjust or slowly fiddle with it(long term pain) and drag it out. The choice obviously doesn't seem to be ours anymore, judging by how the populace feels, (opposing this bailout) versus the politicians(openly supportive).



Open Positions:
Long 4 units Ultrashort Financials ticker SKF @ $76.45
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03
Long 1 unit U.S. Oil Fund ticker USO @ $53.20
Long 3 units Ultrashort Nasdaq ticker QID @ $39.10
Short 1 unit JC Penney ticker JCP @ $62.90
Short 1 unit Citigroup ticker C @ $44.70
Short 2 unit Amazon ticker AMZN @ $84.18
Short 2 units Intercontinental Exchange ticker ICE @$176.28
Short 1 unit Blue Nile ticker NILE @$ 72.25
Short 1 unit Int'al Business Machines ticker IBM @$108.55

Good trading to you all.

Wednesday, December 5, 2007

Riding the Short Bus

For regular readers of this blog you all know how I feel about the vast majority of equity market participants, that they are the lightweights of the bunch when compared to participants in the futures, forex, & fixed income markets. The equity guys rode the short bus to school plain and simple. Some have taken exception to that characterization via email so here is Doug Kass', of Seabreeze Partners and who's a heck of a lot smarter than I am, thoughts on the subject.

We are receiving a clear recessionary message from fixed income. As I mentioned on "Kudlow & Company" on Friday evening, the conflict between equity and fixed-income performance remains unresolved as stocks are signaling the likelihood that the Fed may have a positive effect on growth and bonds are repudiating the pro-growth view. I continue to believe that fixed income has a Wharton MBA and usually "gets it" better than its equity counterpart, which too often acts more like a failing student at Nassau Community Junior College. In that regard, the message from the 3.85% yield on the 10-year U.S. note is crystal clear: We are recession-bound.


Just finished watching Maria's interview with the good Senator from New York Ms. Clinton. I have to tell you it just makes me want to rush out and mortgage my home and buy stocks with both fists.(insert sarcasm) And to think so many out there think the Chinese are communists. The good senator could run a PhD course on the subject.

Just a random observation but 1 of Cramer's 4 horsemen or generals of the market seems to have rolled over and refuses to answer the bell. RIMM is the stock in question and I have no position in it long or short but the price action is not the picture of health in my opinion.

Now the ADP employment numbers came in much stronger than expected, yet the equity bulls will still argue rate cuts are coming(which they are only they will be of no help). Remember in that parallel universe everything is bullish, oil down oil up, jobs up jobs down, foreclosures up foreclosures down. You bring up the issue or concern and its all bullish. Heck the Moodys warning(hey at least we now know Moodys knows the word exists) on MBIA and Ambac is bullish, don't ask me how, its just bullish.

Sovereign wealth funds, absolutely bullish because they're smart money, experts on U.S. equities, remember? Oh, in case you forgot, that 3 billion investment by the Chinese in Blackstone is now worth 2 billion(excluding foreign exchange), that 1.4 trillion in U.S. treasuries, again start thinking about factoring in forex rates and then we can talk turkey about whether or not they even making anything on them. Abu Dhabi 7 billion in Citigroup, lets talk in 7-12 months because as we all know those fabulous deals that Cerberus did on ResCap, Option One looked so brilliant at the time the market factored a takeover premium, don't laugh now, remember the bus the equity guys rode to school and it will all make sense.

Tuesday, December 4, 2007

End of the Day

If you have any interest in the Chinese markets, which you should, this article by Martin Hutchinson is definitely worth the time spent. Good trading to you all.

Open Positions:

Long 4 units Ultrashort Financials ticker SKF @ $76.45
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03
Long 1 unit U.S. Oil Fund ticker USO @ $53.20
Long 3 units Ultrashort Nasdaq ticker QID @ $39.10
Short 1 unit JC Penney ticker JCP @ $62.90
Short 1 unit Citigroup ticker C @ $44.70
Short 2 unit Amazon ticker AMZN @ $84.18
Short 2 units Intercontinental Exchange ticker ICE @$176.28
Short 1 unit Blue Nile ticker NILE @$ 72.25

Shorting Blue Nile & Adding to QID

Going short 1 unit of Blue Nile ticker symbol NILE @ $72.35 based on this nice looking head and shoulders formation. I will add a 2nd unit short on a move thru $71.50

Adding a 3rd unit to my short position on the Nasdaq via the ultrashort qqq's ticker symbol QID at $39.70

Monday, December 3, 2007

The Financials and Ben Stein

I want to address an issue that I think many out there are considering regarding the markets right now. Are the financials, considering the damage to share prices in that sector, cheap enough. Many advisers, pundits are recommending the sector to their clients at this time. I know this because I have been besieged with calls from friends and associates regarding the merits of this strategy.

In full disclosure I am significantly short the financials and expect to continue so for the foreseeable future or until the facts surrounding the credit markets change dramatically (ie. bankruptcies/insolvencies). Many out there look at how many points Citi or Bank America, etc have sold off from their highs and measure the bargain this way. I would suggest that this is the worst possible way to do it. As a comparison look back to the tech bubble, many thought they were getting a bargain as Nortel, among others, sold off 25-40%. Now I was bearish on Nortel to anyone who would listen, but as negative as I was and boy was I NEGATIVE, no way on God's green earth did I feel it would fall to $2 from $85. I bring this up because 'stocks can remain irrational far longer than you or I can remain solvent'.

I do not know many investors outside of Warren Buffett or Tweedy Brown or Charles Brandes who have the patience to sit 5-8-10 years in a position. You may say you can but in all likelihood you have better odds of becoming a brain surgeon or making the NBA. I am not downplaying investors ability just what many studies over the years have borne out. I would suggest that you let the financials bottom and get stiff with rigor mortis. When all others around you have lost interest you can tell people you are looking to invest in the financials, be prepared for the ridicule and the looks like you have an eye in the middle of your forehead, then you will know that it may not be time to buy but time to be watching extremely closely.

We you watching AAPL at $18 a few years ago. Most out there can probably say no, but if you can think of the environment surrounding that stock at that time. Might we say the polar opposite of today? Now $6 and change was the low for AAPL but $18 is were some orders I placed for clients were filled. I don't know if they still own the stock but if they do congratulations to them. When they were crying we were buying, and by crying I don't mean those fake Wall St. crocodile tears, but tragic weeping, wailing and gnashing of teeth.

There, just wanted to get that out there on record.

Now regarding the Ben Stein article regarding Goldman and Jan Hatzius. I usually find myself disagreeing with Ben Stein more often than I agree with as opposed to Jesse Jackson where I don't even need to know the issue I will just take the opposite side of the good reverend, but I digress, again! In this case I find myself agreeing with Mr. Stein not because I am a conspiracy theorist but because this type of thing has played out numerous times on Wall St. before due to the enormous amounts of money involved. Have you all forgotten Henry Blodgett touting internet stocks publicly while internally disparaging them at the same time. Goldman, by the way I agree with Hatzius' piece, is finally negative on the credit and housing markets now that the problem is full blown and conveniently after they(Goldman) have their short positions on. When you do it ahead of your customers its called FRONT RUNNING and is illegal !

How many times have you heard me ask, Are you still listening to these guys? Now maybe you will start to see why I urge you to stop and hopefully with good reason. Good trading to you all.

Sunday, December 2, 2007

OPEC Boosting and Mark to Market ?

Oil pulling back in the market and many out there think it is due to the threat/promise of ramped up production from OPEC along with the threat of SPR releases. First of all the strategic petroleum reserve is called that for a reason. I would hazard a guess that high prices were not what was in mind when it was created, notwithstanding the screams of the otherwise unemployable politicians calling for its release. Besides, I believe it is about 60 days consumption anyway (thought I stand to be corrected on that), which would be just a short term fix and in no way address any long term consequences.


Regarding OPEC I have news for you, OPEC is max producing. They cannot produce any more, that's it. For those of you who think they can, on a sustained basis because demand is here to stay, show me the audited numbers. Not your pie in the sky, OPEC provided, made up out of thin air reserve numbers either. This article talks about how OPEC won't boost production as supply is already high, which is code for we simply cannot.

All this talk is wishful thinking but it will give us long term oil bulls an opportunity to load up on our favourite energy plays. If you are serious about learning more about the gravity of the currently supply situation I suggest you read Matt Simmons' Twilight in the Desert. It is well worth your time. Do you really believe all these foreign governments are nationalising their remaining fields because they think OPEC is going to ramp up production to 24 million bbls/day and oil will go back down to $40/bbl? Do you think any of their military and political intel is guiding these actions. Food for thought, my friend Dennis Gartman has said about current Russian president and former KGB Colonel Putin, "once KGB always KGB".

I am not trying to be the doom and gloom dude, but facts are facts, we can ignore them like many market participants choose to do(tech bubble and housing bubble come to mind) or we can address the issues at hand try to navigate them. I am reminded of Matt Savinar's LATOC headline banner, "deal with reality or reality will deal with you"

Regarding the issue of the government freezing rates on ARMs. all I will say is reward fraud, reward poor decision making, reward ineptitude and while we're at it make someone else pay for it. Embarrassingly pathetic. I suspect history will not look kindly upon this generation of political and financial decision making.

And lastly why is no one talking about the mark to market event over at E-trade. The Citadel deal marks E-trade's portfolio of paper at 26-27 cents on the dollar. Is this not an identifiable trade against which other banks "should be marking their own portfolios to'? If I have a security in my account priced at, say 100 and for some 'act of God', prints a closing trade at 26 I can assure you that is exactly what Merrill, Goldman, Lehman, et al. will use in my account margin requirement. Financials are rallying on this news? 26 cents says the markets have been underestimating the damage. I suspect that at 26 cents more than a few banks are under-capitalized. Just how undercapitalized, how about insolvent. I am not going to argue that the market(fiancials and otherwise rallying in the face of the E-trade/Citadel news is wrong, as that is suicidal (ask Nick Leeson), but either this credit problem is going to be the biggest hoax in the history of financial markets or will be the biggest mass delusional suicide by investors ever conducted, one that James Jones could be envious of.

Good trading to you all.

Friday, November 30, 2007

Shorting the Naz via QID

I posted earlier that I would short 2 units of QQQ 's on a break of 51.20. For those watching the proshares (as you know I do) the 51.20 break below level corresponds with a break above 38.60.


I altered my strategy to be more aggressive and I am long 2 units of the Ultrashort Nasdaq QQQ ticker symbol QID at $38.70. synthetic more aggressive position since the ultra are twice the inverse. So technically this is like having 4 units short of the QQQQ.


To summarize, I am now long 2 units of the Ultrashort Nasdaq QQQ ticker symbol QID @ $38.75 stops at $37.30


Open Positions:
Long 4 units Ultrashort Financials ticker SKF @ $76.45
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03
Long 1 unit U.S. oil fund ticker USO @ $53.20
Short 1 unit JC Penney ticker JCP @ $62.90
Short 1 unit Citigroup ticker C @ $44.70
Short 2 unit Amazon ticker AMZN @ $84.18
Short 2 units of Intercontinental Exchange ticker ICE @176.28

Long 2 unts of Ultrashort Nasdaq ticker QID @ 38.80

Charts QQQ's, FXI, Deutsche Bank, Crocs, Nat Gas and Crude.
















Friday Thoughts

I was poking around the e-trade deal with Ken Griffin's Citadel and I am flabbergasted at it. Besides the dilution of existing shareholders is the implications of the mark to market event of the paper on their books. Karl Denninger over at Market Ticker has a great 'pull no punches', as is his style, take on it which I have reprinted below.



E*Trade gets a Guido loan and marks to market their entire ABS paper - at a SEVENTY PERCENT DISCOUNT!I don't think anyone is (yet) understanding the impact of this.Most of E*Trade's portfolio was HELOCs; there were few purchase-money firsts in there.Let's do a bit of math, ok? You know, the stuff they teach you in FOURTH GRADE - math that appears to be totally beyond the capabilities of the equity "cheerleaders" at CNBS!In the last four years approximately $6.5 trillion has been MEW'd out and spent on plasma TVs, exotic vacations and other sorts of drivel. IT IS GONE; it did not go into something of value - it was CONSUMED.


Let's use a conservative assumption that 1/3rd - 33% - came from HELOCs, rather than cash-out purchase mortgages or refinances of existing mortgage paper. Probably reasonable.E*Trade's paper is almost all comprised of this HELOC paper, essentially all of it written in the last three years, and most of it was written to people with significant assets; probably half to their brokerage customers. That is, most of these HELOCs were written to allegedly "good" credit risks.Now let's apply some conservative valuation discounts, given that E*Trade just marked the entire thing to market at 30% of face value.$6.5 trillion X 33% = $2.14 trillion in HELOC paper.30% of original value = a $1.5 trillion dollar DIRECT LOSS on HELOC paper ALONE.Oh, this "subprime" problem is only "subprime" and is just a $100 billion problem eh?


This "mark to market" is a very strong indication that every bank and institution out there with this crap on their balance sheet is going to suffer ocular penetration by a stallion!Guys, this is "The Real Deal."Remember back a few months ago I said that this was a $1-2 trillion dollar problem in terms of direct losses? That the markets were totally ignoring the reality of this? Well, guess what - you just got proof that I'm right.The market is totally ignoring this. We should have tripped the circuit breakers this morning on the Dow, as the figures here are BLATANTLY OBVIOUS.Those who allegedly know how to "invest" and "trade", APPEAR TO HAVE FAILED FOURTH GRADE MATH!


Now you know WHY the malls were empty Saturday and Sunday. Now you know WHY my local Target had nobody waiting to check out on Sunday evening.The money flow has evaporated and what was MEWd out and spent is uncollectable!$100 billion in losses? Ha!That number - on HELOC's alone - is $1.5 TRILLION.No, not in derivatives, swaps, etc - direct, hard, real losses.Oh, and that's just the HELOCs; we haven't gotten to the ALT-A negative-am "purchase" loans yet.



Interesting isnt' it. Mark to market at 30% of face value !



Well that was brief now wasn't it! I am referring to the Mastercard short from yesterday which after looking promising by acting weak in a up market, gapped up thru our stop this morning stopping me out at 204.30. This probably is a deak out but we must respect our rules so we can live to fight(trade) another day. Now I now there is a time to break all rules but this is not one of them in my opinion.


Also stopped out of Sears Holdings (SHLD) at 105.80 as it gapped higher today as well. So we say adios to Mr. Lampert, it has been fun(for us shorts), we wish you well and please don't let this be your Waterloo for discretion is the better part of valor.

Charts coming later. Good trading to you all.

Thursday, November 29, 2007

Charts on IBM, Gold, & Japan Small Cap Fd.








Shorting MasterCard, getting shorter ICE.



Getting short 1 unit of Mastercard ticker MA @ $200.30 into this double top. As my notes indicate I just can't believe Mastercard will escape the credit debacle unscathed. Stops above todays high at $ 203.55

Adding a 2nd unit short to Intercontinental Exchange ticker ICE @ $170.75 Patience has been rewarded....... I think. Good trading to you all.

Open Positions:
Long 4 units Ultrashort Financials ticker SKF @ $76.45
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03
Long 1 unit U.S. oil fund ticker USO @ $53.20
Short 1 unit Sears Holdings ticker SHLD @ $154.60
Short 1 unit JC Penney ticker JCP @ $62.90
Short 1 unit Citigroup ticker C @ $44.70
Short 2 unit Amazon ticker AMZN @ $84.18
Short 2 units of Intercontinental Exchange ticker ICE @176.28
Short 1 unit of Mastercard ticker MA @ $200.20

Couple of Items

New computer installed (HP) yesterday severely limited any time for posting yesterday. But back normal today. It sure is nice to have a machine that zips around.

For those with some doubts about the commercial property market and this entire credit mess being contained, here is some pleasure reading for you. Further to that, Blackstone's real estate division saw revenue drop over 40% this year, but just remember. CNBC says everything is okay so its okay. One thing you can be assured of is they will tell you all about how we should have known and seen it coming right after the dust and smoke has disappeared from the mushroom cloud.



Yesterday the young vibrant Erin Burnett went on record proclaiming Citi's dividend won't be cut. I don't know her rationale for that statement other than maybe, the hope method. Eric Sprott from Sprott Asset Mgmt up in Canada penned an excellent read in his November market summary which is well worth you time. The link is above. His comments on GM are outright scary but nobody wants the truth, many can't handle the truth, that's why they resort to name calling and insults to anyone bearing ill news.



Mike Panzner has a great post today, over on his blog Financial Armageddon, on the state of bag holders in this credit mess. Many will line up to sue claiming they were not told by the purveyors of this toxic paper. Do you in your right mind think it is possible to get unbiased, objective advice from an individual or firm who is compensated on whether you buy and place the order. Plenty of people on the net and blogosphere, many listed to the right on my favourites, have been pounding the table warning of the dangers abound. But, alas like the boy who cried wolf, were and are ridiculed and ignored.



I guess a problem is not a problem until its a problem, but the problem with that is by the time everyone knows its a problem its too late to remedy the problem and that problem is now much larger painful problem. (try saying that 3 times fast!)

David Tice and his associates (Doug Noland and Martin Hutchinson whose piece this week is a must read) over at Prudent Bear do excellent work but don't tell anyone you read them or you'll be labeled a pessimist, or perma-bear, etc. More charts later today.

Good trading to you all.

Sears Holdings .... staying short

I have enclosed a longer term view of Sears Holdings. Today's gap is very bad and while it is early in the trading day, it does not bode well going forward. I know there a lots of believers in the Eddie touch. He is a great investor but no one is afforded a free pass in the markets.



Sears is loaded with commercial real estate that everyone thought was the hidden gem. Why not? Banks eagerly lend against property so Sears was the perfect choice for him to leverage his hedge fund operations. As I and others have said, commercial real estate is the next train wreck and Sears is front and center. We are witnessing the effects of de-leveraging. This is not your mothers Sears that's for sure. SHLD may be the stock symbol but if this action doesn't abate, many will wish they had a shield.



I am short (only) 1 unit of Sears @ $154.60. I am moving my stop to $104.60 for no other reason than I am heavily short across the board and don't want to damage my psychological capital, which my good friend (DG), always reminds is more important than the physical kind. Besides sometimes its best to make the cash register ring, just like we did with Hansen Natural (HANS).

Again stop on Sears Holdings (SHLD) now moved to $104.60.

Good trading to you all.

Tuesday, November 27, 2007

New Highs/New Lows

Forgot an item I thought worth noting.

With the Dow up 200 pts and the Nasdaq up 35 compare this to the new high/new low list.

NYSE 17 stocks making 52 week highs , 148 stocks making 52 week lows.

Nasdaq 9 stocks making 52 week highs, 137 stocks making 52 week lows.

Do with this what you will but I can assure you that this statistic is most definitely not the calling card of a healthy market. Good trading to you all.

Charts of ICE, Citi, Barclays, JC Penney & the Yen.

As noted in the chart above adding 1 more unit long of Japanese currencyshares ticker FXY @ $92.25. Now long 4 units @ 87.60













Last Few Days Recap

Back to work from Thanksgiving holiday. Yesterday was a write off due to among other things internet connectivity issues along with a new laptop in the house. My apologies for not posting.

Okay, so Bank of America is now down a cool billion (50%) on their 2 billion investment in Countrywide which doesn't look as shrewd now as it did the day the news was announced and the stock popped to $24. To the people who still buy news and did, I repeat, you get what you deserve. No offence but that's the way it is so don't shoot the messenger.


Abu Dhabi buying a stake in Citigroup. I would love to congratulate them on their purchase except I wonder what is it that the locals know about Citi, who are selling in droves, that the foreigners don't. Just like what did those commercial real estate interests in the late 80's know when they sold that the Japanese didn't? Or the Mexicans back in 94-95'. Answer a hell of a lot more than the overseas interests that's for sure.

Wednesday deteriorated late as we closed. Friday's rally looked to be retail driven on a shortened day but I am not revealing the holy grail to you with that now am I. Of course some hedge fund activity given the low attendance day being ripe for pushing. Yesterday was not able to hang on to Fridays gains. This all speaks of distribution, smart money distributing stock to weak money. Of course they are talking up the market, low PE's good growth, the story is the same, they need to create a market unto which to sell. I can assure you, again, that 100-200 pt swings intra-day are not the hallmark of bottoms as bottoms are formed amidst derision, disdain, and abandonment. This is a market rolling over, the credit markets are much more sensitive and they are flashing red alert. May I suggest, for the umpteenth time, that you pay heed.

Another segment for you from the U.S.'s staunch ally in the middle east Saudi Arabia. Just a reminder of what things are really like over there, just in case Erin Burnett's fawning over the area has you hot and bothered.


Wanted to re-post my open positions as I was stopped out of Uranium Energy, Int'al Coal and Clean Energy. All for small losses. Charts coming later in another post. Again hope you all had a wonderful thanksgiving as we all have much to be thankful for. Good trading to you all.

Open Positions:

Long 4 units Ultrashort Financials ticker SKF @ $76.45
Long 4 units Ultrashort Real Estate ticker SRS @ $85.28
Long 3 units Currencyshares Japanese Yen ticker FXY @ $86.03
Long 1 unit U.S. oil fund ticker USO @ $53.20
Short 1 unit Sears Holdings ticker SHLD @ $154.60
Short 1 unit JC Penney ticker JCP @ $62.90
Short 1 unit Citigroup ticker C @ $44.70
Short 2 unit Amazon ticker AMZN @ $84.18
Short 1 unit of Intercontinental Exchange ticker ICE @ 181.90

Wednesday, November 21, 2007

Charts on Baidu, Oilsands Quest, Uranium Energy, and Clean Energy


Wanted to wish you all a Happy Thanksgiving. Enjoy the holiday as it truly is a time to be thankful. Some charts before the holiday for you to look over. Will try to post Friday if time permits but if not back at my post on Monday.