Today's Ideas:
    for afternoon of Thurs. Feb. 14, 2008

    IMPORTANT: Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  

    Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    New Update:


     Today was interesting. Rarely does market strength turn to weakness all at once. We've had a strong 3 day rally in stocks, only to sell off sharply today. We were hoping to get continued strength to set up good shorting opportunities next week. We did well today by exiting our last unit AAPL long, and have been on a very nice run lately. Tomorrow brings the Univ. of Mich. Consumer Sentiment number at 10 am, and it's possible we get a good setup after a day like today. Let's be patient and wait until at least 10 am before we jump to conclusions. The indexes look like they could regain some strength before the next big move down, so we are not too eager to short as yet. For potential shorts (wait for our signal) we like ATI, and we'll be watching the ER2 futures (IWM etf) for a short setup. On the long side, IF we must play a signal, AAPL will remain the vehicle of choice for now. The main point is that we are kind of in a "no man's land", and if it weren't for the economic numbers to provider a catalyst, we'd probably not have any signals tomorrow!

    Pay attention to the ticker in the sidebar, and be quick, because none of our potential BIG setups (2 week hold) will trigger tomorrow. That's not to say we won't get a good opportunity, but the holding time will not be more than a few days, and probably much less.

    Commodities continue to trade to the upside. We've mentioned many times that the only question is "when to buy?". Agriculture and energy outperformed, and we're pleased to say that Sugar jumped over 3% again today. Stay long for now, and check back as we are nearing a potential exit signal if this continues to spike up. We'll inform of any changes, and we hope we can stay in this position for many more months.

    Position update as of 4:17 pm:

    Sold last unit AAPL (now flat)

    Long 3 units SB (May contract avg. price .13119)

    Trading Accounts equity at ALL TIME HIGHS!


    For previous posts visit the archives.



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