{+++}We saw a big rally back today, the dollar caved again and the shorts covered, for now. There was some technical damage from the last couple of days, so a follow through day tomorrow or very early next week is needed for the bulls to stay in control. We are mostly short here and I am very comfortable from my perch. Look what happened to the market the last four days just because the dollar rose. Do you really think the market will handle things well when (if)the dollar rises and interest rates start going up? The market just gave me a very scary view of what can happen when they take away the punch bowel. We will add longs, mainly stocks in the material sector, but we need better set ups, I don’t want to put out longs one day after a vicious short covering rally, which is what we saw today.
Honestly I made all my money short today, RIMM and MON did the trick, both still look good as shorts, but I didn’t put them on the list because I am looking for a slightly better set up for you guys.
I have added four shorts and have updated the watchlist, please watch earnings and I highly recommend closing positions the day before a report.
Friday, October 30, 2009
| Date | Symbol | Long Price | Short Price | Stop | Action | Result P/(L) | Triggered |
| 9-24-09 | |||||||
| MCO | 23.00 | 22.00 | Sold 1/3 sold 1/3 stopped 1/3 | +2.00
+4.30 +1.00 |
yes | ||
| MHP | 26.19 | 26 | Sold ½,stopped on balance flat | +2.00 | yes | ||
| NAV | 40.31 | 39 | Sold 1/3, Sold 1/3
Sold 1/3 |
+1.30
+3.00 +2.03 |
yes | ||
| QSFT | 16.30 | 16 | Sold ½, sold balance(10-13-9) | +.80
+1.70 |
yes | ||
| SIGA | 8.43 | 7.65 | -.80 | yes | |||
| MELA | 10.50 | 9.50 | -1.00 | yes | |||
| 9-28-09 | COCO | 17.29 | 18.25 | Sold ½
Stopped 1/2 |
+1.00
-.90 |
yes | |
| ZION | 17.39 | 19.00 | Stopped ½ flat | yes | |||
| 9-30-09 | YGE | 11.90 | 12.60 | -.70 | yes | ||
| VNO | 63.00 | 65.50 | flat | yes | |||
| XCO | 19.05 | 18.00 | stopped | -1.05 | yes | ||
| MHGC | 5.60 | 5.20 | -.40 | yes | |||
| 10-1-09 | CALI | 6.35 | 5.50 | no | |||
| CENX | 8.97 | 9.60 | stopped | +.50 | yes | ||
| BAC | 16.02 | 16.80 | stopped | -.78 | yes | ||
| AAP | 37.70 | 39.40 | stopped | -1.70 | yes | ||
| 10-05-09 | EXC | 47.78 | 50 | stopped | -2..22 | yes | |
| JEF | 27.60 | 27.90 | Sold 100% (10-13-9) | +1.60 | yes | ||
| TSPT | 14.35 | 13.70 | stopped | -.65 | yes | ||
| HIG | 29.05 | 28.30 | stopped | -.75 | yes | ||
| APT | 6.25 | 6.00 | -.25 | yes | |||
| 10-7-9 | FCX | 73.43 | 73.00 | Sold half(10-13-9)
Sold balance10-14-9 |
+1.78
+3.10 |
yes | |
| 10-10-9 | PENN | 25.67 | 26.20 | stopped | -.53 | yes | |
| NITE | 23.00 | 22.40 | stopped | -.60 | yes | ||
| O | 22.85 | 24.60 | yes | ||||
| STEC | 25.51 | 25.80 | Covered 1/3
Covered 2/3 |
+1.00
+3.50 |
yes | ||
| ARST | 23.59 | 24.00 | Sold 1/3,sold 1/3 | +1.20
+2.20 |
yes | ||
| FIRE | 23.43 | 22.50 | stopped | -1.90 | yes | ||
| 10-14-9 | HRBN | 19.72 | 19.30 | stopped | -.50 | yes | |
| UCTT | 6.95 | 6.30 | stopped | -.65 | yes | ||
| 10-15-09 | MS | 33.35 | 33.00 | Sold all | +2.00 | ||
| 10-16-9 | QSII | 65.76 | 64.00 | stopped | -1.76 | no | |
| ACI | 24.22 | 23.20 | stopped | -1.02 | yes | ||
| 10-19-9 | MEE | 33.64 | 34.50 | stopped | -1.20 | yes | |
| BTU | 42.35 | 42.50 | sold | +.20 | yes | ||
| FSLR | 146.80 | 152 | stopped | -5.00 | no | ||
| ABAX | 23.86 | 25.00 | yes | ||||
| PPD | 40.12 | 41.50 | no | ||||
| MCO | 23.14 | 25.50 | no | ||||
| 10-22-9 | MCRS | 27.40 | 28.00 | yes | |||
| AMAG | 35.10 | 35.90 | yes | ||||
| TNDM | 22.92 | 23.40 | yes | ||||
| BAC | 16.05 | 16.60 | Sold 1/3
Sold 1/3 |
+.80
+1.00 |
yes | ||
| VMI | 75.70 | 76.70 | Sold 1/2 | +3.00 | yes | ||
| CMG | 81.13 | 83.00 | yes | ||||
| ROVI | 28,09 | 29.00 | yes | ||||
| CCL | 30.60 | 31.60 | yes | ||||
| 10-30-9 | RTH | 90.00 | 93.00 | no | |||
| ROST | 43.76 | 44.83 | no | ||||
| NIHD | 27.25 | 28.25 | no |