Summary:
My win streak extending back to last Monday was broken today. Finished down 0.2% on a much calmer day. Only ALSWF moved more than 5%, to the downside. My sales of ACY , NFI, and TNH are looking prudent. I still like ACY and TNH at lower prices. Must think where to buy. Only trade today was JEQ, down despite the Nikkei breaking 18,000. This is a swing trade as I’m way overweight Japan. I’ll be looking to dispose after a move or when I want cash to buy something else.
Note: Navios Maritime (formerly BULK) moved to the NYSE and is now NM.
Positions:
Long: JEQ JSC LMC AUY SLW NTO NXG HBMFF ALSWF JAGNF FFHL EGLE AOB XSI TDF KF UAHC FF NTLRF TNH LMGGF NM
Short: JCG BKC
Cash: 2.4%
Trades: bought JEQ@8.88
Read:
Stocks Researched:
Hours spent on market: 0.5
Positions most worried about:
Positions most sanguine about: Japan
Biggest market worries: Volatility is signaling downturn in some of my go-go position.
Thinking about: trimming around the edges?
Outlook ( up-flat-down surety rating: 1-5 reasoning):
US: up 1.0 ??
Tech: ??
Japan: up 2.5
China: up 3.0 economic growth, Economist article 2/8/07
Silver: up 2.5, industrial, china demand
Gold: up 2.5, dollar weakness, china demand, price action
Copper: ??
Zinc: up 3, low LME warehouse stocks
Real life: research at a roadblock, getting a little worried about some deadlines
Previous night sleep and exercise: 6 hrs, soccer last night
Mood: anxious. mainly studies.
