Today's Ideas:
    for morning of Fri. Mar. 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.

    Position Update: 


      We have U of M Consumer Sentiment out by 10 am today. Stock index futures are trading up before the open, but we're not convinced it's time to go long stocks. We'll watch the same vehicles we've been trading the last several weeks, including SRS or SKF (2x inverse etf's), RIMM, EEM short (or EEV long), ZB short(Treasury bonds), and of course commodities long. We are not pushing for an entry before the Fed announcement on Tuesday. We've done a good job by standing aside lately, and this might be the case today. There are no new positions or trades to report.

    We added Cotton futures to the portfolio on the recent pullback (see chart). We continue to look for trade setups to get long just about any of the commodities. Yes, they are getting lots of attention and might be short term "tired". This is not, however, a good enough reason to turn our backs on commodities. Prices can go much further than anybody would guess, so price is not our concern as much as "how" it gets there. Respect all signals and always use stops. Besides that, all we can do is put ourselves on the right side of the longer term move. In any case, shorting commodities is NOT a high probability trade and has proven costly for the T. Boone Pickens' of the world. The only question is "Did we get LONG at the right time?"

    Position update as of 9:17 am:

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

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

    Trading Accounts equity < 1.6% from all time highs.


    For previous posts visit the archives.



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