Tuesday, November 6, 2007

Update

Stopped out of Cummins this morning so a $4 loss on an exploratory 1 unit position.



I missed Hansen on the break down thru the bottom of the continuation rectangle. It is now experiencing a low volume rally off the lows of the day which I have as $57.77 and currently trading $59.10


Gone short 1 unit Hansen ticker HANS @ 59.10 with a stop at 61.38



FYI: For more aggressive traders the FXI shows a nice continuation rectangle as well although this one is prone to major gaps and is not for the faint of heart !





Current open positions:


Long 3 units Ultrashort Financials ticker SKF @ $72.50 stop $72.50
Long 3 units Ultrashort Real Estate ticker SRS @ $81.50 stop $81.50
Long 2 units Currencyshares Japanese Yen ticker FXY @ $84.25 stop $84.25
Long 1 units U.S. oil fund ticker USO @ $53.20 stop 53.20
Short 1 unit Sears Holdings ticker SHLD @ $154.60 stop $154.6
Short 1 unit JC Penney ticker JCP @ $62.90 stop $62.90
Short 1 unit Citigroup ticker C @ $44.70 stop $44.70


Long 1 unit Int'al Coal ticker ICO @ 5.10 stop 4.64

Long 1 unit of Clean Energy ticker CLNE @ 18.85 stop 15.84

Short 1 unit of Hansen Natural ticker HANS @ 59.10 stop $61.38



Good trading to you all.

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