Thursday, September 4, 2008

Hasty post covering the last few days

Haven't written due to vacation and lots of work-related, well, work.

One snap trade off the big nothingburger hurricane Gustav in WNR. In at 8.75, out at 10.76 for 1000.

Lost NLY to a stop. In 13.76, out 15. A little over 9%.

On the long side, considering the strength of the $HGX, liking LEN in this group as close to 10 as possible.

Many pennants in retail. GPS, KSS, even the RTH. EBHI.

Watching the reverse H&S in BA.

On the short side, lots of toppy-looking action in the transports. NSC looks like a nasty double-top with negative divergences.

There's probably more, but I'm forgetting them, whatever they are.

No comments: