Today's Ideas:
    for morning. of Tues. Mar. 11, 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.

    Position Update: 


      Today promises to be very interesting. The Fed has opted to take garbage into their possession, in exchange for treasuries (other garbage)! Stock indexes have spiked higher, and we'll watch how market participants react. Our readers know our thoughts on the economy, but trading is a different animal. It is possible, but not necessarily our prediction, that stocks might rally for while. We're prepared to take signals as they present, regardless of our general opinions. Commodities were up sharply before the announcement, but have since settled a bit higher. We continue to look for opportunities to add to commodities, and also to short stock ideas. We took a signal long the FXI yesterday, and were stopped out before prices drifted lower all day. Too bad we were 1 day early, as the trade would have been a huge winner today! That's just how the ball bounces, and we have to remind ourselves to focus on the bigger picture. We were also able to take advantage of the recent weakness in commodities, and added to Sugar futures while taking and initial stake in Cotton. Check the ticker for exact price and times of all trades. Our accounts equity are still very close to the highs, even with the occasional losing trades.

    Looking ahead, we'll welcome this Fed induced pullback in commodities as an opportunity. That does not mean we jump in with both feet, but we're patient for signals. We can trade into positions with confidence, regardless of news, because we have a strategy in place. Readers might want to look into the "etc's" traded in London for each of the commodities we mention. Cotton, Sugar, Soybeans, and Palladium are all on the radar and close to signaling. We've discussed this many times here, and nothing has changed. To sum up, we continue to buy "hard assets", while shorting "paper", the Fed, and real estate.

    Position update as of 2:20 pm:

    Long 1 unit Cotton (May contract avg. price .7684)

    Long 4 units Sugar (May contract avg. price .13065)

    Stopped out of FXI yesterday for $2.63 loss on 1 unit

    Trading Accounts equity < 1.6% from all time highs.


    For previous posts visit the archives.



    This site is for instructional purposes only, and is not to be construed as investment advice. | Disclaimer | Contact Us | ©2007-2008 All rights reserved.