Friday, March 28, 2008

Getting Short Daimler, Watching EEV again

The chart of Daimler(above) looks ripe to short. A nice double top forming up against a descending trend line. I am getting short 2 units here at $86.15 with a stop just above the formation at $88.05

The Emerging Markets is a trade I have been involved with prior from the short side. It looks like the time has come to re-visit this one. As usual I will do so via my favourite (below) the ultrashort emerging markets ticker EEV on a move thru 83.20 1 unit for now.




Good speculating to you all.


Open Positions:
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 1 unit Ultrashort China25 ticker FXP @ $84.55 stop at $84.85
Long 4 units Ultrashort Dow 30 ticker DXD @ $58.00 stop at $53.10
Long 2 units Ultrashort Real Estate ticker SRS @ $92.85 stop at $89.65
Long 2 units Ultrashort Financials ticker SKF @ $102.20 stop at $98.70
Short 3 units of Deutsche Bank ticker DB @ $117.15 stop at $119.40
Short 2 units Citigroup ticker C @ $23.45 stop at $25.40
Short 2 units AGCO ticker AG @ $61.00 stop at $62.75
Short 2 untis Daimler AG ticker DAI @ $86.20 stop at $88.05

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