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 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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