Portfolio Holdings January 12
87% cash (mistyped earlier) Symbol Open D Direction Sectors Avg Entry Stop Target 1 Target 2 Closed P Closed D Notes FDX 12/16/2011 long Indu 85.1 80 90 90.3 12-Jan closed 1/3 at flat on 1/9 for risk management SBUX puts 3-Jan long April 45 strike puts Cons Cyc 2.76 […]
First Order Of Business Today
As first order of business today we will close the remainder of our Bucket 2 long position in FDX for profits. Industrials have acted well and should at the very least be due for a pullback along with the rest of the market…after which theuy may be buyable again..or not.
Morning Thoughts January 12
Welcome back to the wolf pack. This morning's big gap up (which as I type this is almost evaporating) is being embraced by long-only managers in Europe. Let that be a flashing warning signal to us…always, always fade long-only managers in Europe (and in the U.S. for that matter), Futures overnight bumped up at the […]
Bucket 2: Profit Taking
Just closed our long position in FDX at $90.30. Brings our cash levelsback to about 85%