Great Trades

Great stock trades based on fundamentals and technical analysis.

Thursday, February 26, 2009

 

Added shorts, took more profits on oil, covered some gold

With another big run in oil, our trading model is taking partial profits on our oil position again to lock in big gains.

With the retest and failure to get through 780, our trading model is also adding shorts, again with a tight stop on a clear break through 780 to limit potential losses. Adding 20% more short S&P 500 (plus 10% additional for speculative traders) and 5% more short financials (plus 10% additional for speculative traders) to get to 95% short, and more so for speculative traders.

With the huge drop in gold, our model is also beginning to scale out of the short gold hedge.

Open Positions: 70% short S&P 500, 25% short financials, 2% long oil, speculative traders short another 30% financials and 20% S&P 500, short gold to hedge.

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Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.

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