Wednesday, June 4, 2008

Adding UGA to my priority list !

The US Gasoline fund ticker UGA demands our attention as a consolidation flag or pennant is building on light volume. This along with previously mentioned US heating oil fund ticker UHN are at the top of my priority list.


Housekeeping notes;


I am moving some stops around in order to protect some gains and add some mental capital for as regulars know, it is as if not more important than the physical king.


3 units long DXD new stops 2/1 at DIA $130.26/127.34

2 units long SKF new stops 1 unit each at XLF $26.72/25.54

3 units long LEH new stops 1 unit each at $40.54/36.27 /32.47

2 units long GS new stops at $184.43 and $180.76

2 units long DB new stops at $105.37 and $114.89

1 unit short EAT new stop at $22.44

2 units short DRI new stops at $36.37/35.24


Good speculating to you all.


Open Positions:

Long 6 units Currencyshares Japanese Yen ticker FXY @ $88.55 stop at $91.40
Long 3 units Ultrashort Dow DXD@ $50.12 stops 2/1 at DIA $130.26/127.34
Long 2 units Ultrashort Financials SKF @ $103.90 stop at XLF $26.72/25.54
Long 1 unit Currencyshares Swiss Franc ticker FXF @ $96.25 stop at $93.82
Long 3 units Frontier Oil ticker FTO @ $28.35 stop at $27.82
Long 1 unit Ultrashort Real Estate ticker SRS @ $88.10 stop at IYR $71.08
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 $22.44
Short 3 units Retail Holders ticker RTH @ $96.72 stop at $98.56
Short 2 units Goldman Sachs ticker GS @ $191.53 stops at $184.43/180.76
Short 2 units Darden ticker DRI @ $36.35 stops at $36.37/$35.24
Short 3 units Lehman ticker LEH @ $43.70 stops at $40.54/$36.27/32.47
Short 2 units Deutsche Bank ticker DB @ $117.03 stops at $114.89/105.37
Short 1 unit HSBC ticker HBC @ $ 83.65 stop at $86.78

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