Monday, February 1, 2010

Today

Getting overly aggressive on the short side does not make sense. Currently UNG and USO are my main short term holdings. In addition to these short term trades i am purchasing AUY in premarket at $10.24. Putting a stop just below $10 at $9.90 looking to get $11.00.

So i am changing my stance from short to long for the next couple of weeks.

The portfolio is pretty hedged here with my long term holdings of TLT, UUP, and VXX. In a perfect world these short term trades will off set my long term holding losses for the next couple of weeks.

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