Tuesday, May 20, 2008

Morning Trade Notes

A lot of events happening this morning which I will comment on a little later, along with some charts of interest.

Housekeeping notes;

Still waiting to get shorter on Deutsche Bank (ticker DB) thru $116.40,

I was filled on a 2nd unit short of Darden this morning at $35.50, leaving me with 2 units short with staggered stops (see below).

I was filled on 1 unit long of Currencyshares Swiss Franc ticker FXF at $ 96.15 stop at 93.82.

I was filled on a 2nd unit long of Ultrashort Financials ticker SKF at $105.35, leaving me with 2 units long. I am adjusting my stop to reflect the financial spiders ticker XLF. A move above $26.72 on the XLF and I will be out of the SKF immediately.

I was filled on a 3rd unit long of Ultrashort Dow 30 ticker DXD at $50.95 as the Diamonds took out 128.70 to the downside, leaving me with 3 units long.

Good speculating to you all !

Open Positions:
Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 1 unit Allis-Chalmers ticker ALY @ $14.45 stop at $16.64
Long 3 units Ultrashort Dow ticker DXD @ $50.12 stop 2/1 at DIA $132.68/$130.26
Long 2 units Ultrashort Financials ticker SKF @ $103.90 stop at XLF $26.72
Long 1 unit Currencyshares Swiss Franc ticker FXF @ $96.25 stop at $93.82
Short 1 units Daimler AG ticker DAI @ $86.20 stop at $82.48
Short 1 unit Brinker Int'al ticker EAT @ $21.25 stop at $24.14
Short 3 units Retail Holders ticker RTH @ $96.72 stop at $98.56
Short 2 units Goldman Sachs ticker GS @ $191.53 stops at $197.68/$193.58
Short 2 units Darden ticker DRI @ $36.35 stop at $40.27/$38.34
Short 2 units Lehman ticker LEH @ $43.70 stop at $47.46
Short 1 unit Deutsche Bank ticker DB @ $117.80 stop at $120.18

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