Am I The Last Bear Standing?
DJIA
Patience was rewarded yesterday when the
system rode a very nice down wave in the DJIA. 10423 is indicating to be the
next support level. I am utilizing wide trailing stops to protect a portion of
the profits and am short entering the open.
Short/profitable
Oil
Am I the last bear standing? Oil hit a
record high yesterday pushing my speculative short position even deeper
underwater. Its important to note that proper position size is critical all the time, but particullarly crucial when entering highly speculative positions such as this one.Â
Short/loss
US Dollar
I closed out my long EUR/USD position this
morning with about 20 pips of profit. The new levels are 1.2253–1.2331. Long
if the upper number is broken and short if the lower figure breaks.
Flat/no bias
Stocks
(
RIO |
Quote |
Chart |
News |
PowerRating)—
Entered shorts yesterday on this Brazilian metal miner at 32.97. It’s sitting
directly on the 50 day MA entering the open.
Short/profitable
(
CPV |
Quote |
Chart |
News |
PowerRating)—Our
prison property broke the resistance at 30 yesterday but quickly dropped back
down sub 30 for the close. Added slightly to profits yesterday. Holding longs
here. Long/profitable
(
GOOG |
Quote |
Chart |
News |
PowerRating)—With
the additions of the new user friendly services, GOOG is continuing its journey
skyward. I am flat and maintaining a short bias. When this one fails, it will
be spectacular! Flat/short bias
(
EBAY |
Quote |
Chart |
News |
PowerRating)—
The slight downward bias continued yesterday adding a few cents to our shorts.
Holding shorts here. Short/profitable
(
BHP |
Quote |
Chart |
News |
PowerRating)—This
one continues in a fairly narrow range. I am expecting a breakout to new 52 week
highs soon. Holding longs. Long/profitable
Best wishes in the market!
Dave G
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