Tuesday, June 17, 2008

Yes guys, It is the Housing Market !

I have a few things on my plate today and will try to post much later today. More probably tomorrow.

Lots of data today coming out. Remember my creed that no matter what anyone does or says "news conforms to the tape" !

Amidst all the hype and confusion, and the baffling of bull$^%#$% it would do you well to refer to or re-read again, the very savvy piece the boys over at Comstock's put out and which I wholeheartedly subscribe to that,

It's the Housing Market, Stupid !

Until the circumstances surrounding housing change SUBSTANTIALLY, we have the best of all allies, the fundamentals, working in our favor.

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 at DIA $130.26/127.34/126.42
Long 2 units Ultrashort Financials SKF @ $103.90 stops at XLF $26.72/25.54
Long 1 unit Currencyshares Swiss Franc ticker FXF @ $96.25 stop at $93.82
Long 3 units Ultrashort ReEstate ticker SRS @ $88.95 stops at IYR $71.14/70.21/68.36
Long 1 unit US Gasoline Fund ticker UGA @ $60.35 stop at $60.92
Long 1 unit US Heating Oil Fund ticker UHN @ $58.00 stop at $60.87
Long 1 unit Ultrashort QQQ ticker QID @ $37.05 stop at QQQQ $49.56
Long 1 unit Ultrashort S&P ticker SDS @ $57.20 stop at SPY $141.54
Long 2 units Frontier Oil ticker FTO @ $26.25 stop at $26.36
Long 1 unit Hecla Mining ticker HL @ $8.30 stop at $7.16
Long 1 unit Kinross Gold ticker KGC @ $18.70 stop at $17.56
Short 1 units Daimler AG ticker DAI @ $86.20 stop at $71.62
Short 1 unit Brinker Int'al ticker EAT @ $21.25 stop at $22.44
Short 2 units Darden ticker DRI @ $36.35 stops at $35.36/33.54
Short 2 units Lehman ticker LEH @ $43.70 stop at $28.32
Short 2 units Deutsche Bank ticker DB @ $117.03 stops at $105.26/99.32
Short 1 unit of Visa ticker V @ $86.25 stop at $85.36
Short 2 units HSBC ticker HBC @ $83.23 stops at $83.52/81.36
Short 1 unit of Netflix ticker NFLX @ $31.10 stop at $34.64

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