Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, May 8, 2008

trading

These are the regional banks BTW


This has been crazy..... I hedged short the SPX.... then stopped out... Went long XOM as a second hedge..... Then... went long on some regionals, as a hedge against the weak DUG position.....
regardless of my agressive trading.... I still stick with my modeling that we have 2 more highs in this market..... Maybe peaking with the XLF at 29

No comments:

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"

cnbc