Today’sTransactions:
OpenedapositioninDRYSaveragedat$65.42Stoplossifthestockisclosedbelow$53.00
Reason:TheBDIindexseemedtohavebottomed.Moreimportant,theBCIsub-indexhasthebiggest1-dayjumpeverandthisshouldprovidefurthersupportstoBDIinthenextfewdays.
OpenedapositioninSKFaveragedat$101.29Stoplossifthestockisclosedbelow$90.00
Reason:Thisismainlyusedasahedgetolongpositions.
Today’s...[
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TheFedChairmanBernankefinallysurrenderedhimselftothemarketpressureandcuttheinterestby50bpsdespitemoreevidenceofspreadinginflation.IwasquitesurprisedtoseethesameFedChairmantomakeseveralmistakesinarowwithinsuchashortperiodoftime.LastDecember,whentheFedratewasstillat4.50percent,heandhiscolleaguesweregivenachancetocutthekeyrateby50bps.Hechosetocutby25bpsandcitedrisksofinflation.Thenearlierthismonth,wh...[
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Today’sTransactions:
NoTransactions.
Today’sReturn:0.18%
ReturnYTD:-24.55%
S&P500ReturnYTD:-7.24%
Mypositions:
PG
UTSIJan0910Call
SOHU
ABX
POT
DKS
EEV
SRS
FXP
CAL
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AllthreemajorindicesclosedhighonthisTuesdayinanticipationoftheFed’sdecisiontomorrow.Volumeisonthelightsideandisexpectedtocontinuetobesountil2:15pmtomorrow.Afterthat,volumeisexpectedtopickupdramatically.Itmaybeinterestingtowatchthiskindofdramaticmarketbehavioureveryafewweeks.However,istherereallysuchabigdifferenceintermsof25bpsor50bpscuttotherealeconomy?I’mleavingthisquestiontoeconomyexperts.Curr...[
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Today’sTransactions:
NoTransactions.
Today’sReturn:0.78%
ReturnYTD:-24.69%
S&P500ReturnYTD:-7.79%
Mypositions:
PG
UTSIJan0910Call
SOHU
ABX
POT
DKS
EEV
SRS
FXP
CAL
[
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Thestockmarketisplayingseesawgamethesedays.WithmarketdownbiglastFridayongoodnewswhiletodayupbigonbadnews,investorsarespinningtheirheadstryingtofigureoutthedirectionofthemarket.Moreinteresting,theglobalmarketseemstobemorecloselyinter-connectedandagooddayintheUSmarketwillalmostguaranteeagooddayinAsiaandEurope.Today’sriseintheUSmarketismainlyattributedtotheincreasingoddsthattheFedisgoingtocut50bpsth...[
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Today’sTransactions:
AddedmoreABXaveragedat$52.56
OpenedapositioninFXPaveragedat$85.11Stop-lossifthestockisclosedbelow$69.00
Reason:Thisismainlyusedasahedgetolongpositions.
OpenedapositioninCALaveragedat$26.00Stop-lossifthestockisclosedbelow$20.00
Reason:Thisisprobablythebestperformeramongtheairlinegrouprecently.Theloadingfactorlookstobehighercomparedtooneyearagoduetoslowgrowt...[
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Allthreemajorindicesclosedthedaylowerbymorethan1%despitegainingasmuchas1.2%earlier.However,theystillmanagedtoregisterthefirstweeklygainin2008,quiteanachievementconsideringthepanicsellingearlierintheweekandtheircounterpartiesinEuropehavingjustexperiencedtheseventhstraightweeklyloss.Microsoft’spositiveearningreportsgavestocks,especiallytechs,anearlyboostbutwerenotenoughtocounterthebroadsellinginfin...[
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Today’sTransactions:
OpenedapositioninPOTaveragedat$131.00Stop-lossifthestockisclosedbelow$105.00
Reason:Potashistheindustryleaderofintegratedfertilizerandfeedproductswith22%ofglobalpotashcapacityand55%ofglobalpotashexcesscapacity.Initsquarterlyreportthismorning,thecompanyhandilybeatexpectationandraisedguidanceforaswell.Aslongasagriculturalcommoditypricessuchaswheatandcornstayingstrong,th...[
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Themarketralliedfortheseconddayinarow.Newsontheeconomicfrontwasmixedthismorning.Initialjoblessclaimscamelowerthanexpected.Moreimportant,continuingjoblessclaimnumberalsodroppedby100Kandnowisbackbelow2.7million.Basedonthejobnumbers,itcertainlydoesn’tlooklikearecessioniscoming.TheExistinghomesales,ontheotherhand,droppedbyalargeramountthanpredicted.Inaddition,single-housepricedroppedfirsttimeonrecord...[
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