Friday, February 26, 2010

Updated Position (kinder, gentler short stance)

As according to the adjusted strategy outlined yesterday, I did cover a bit on weakness today, and then shorted a bit on strength. All told I managed to pare back to ~1.7-to-1 net-short overall, a level I'm more comfortable with given the present action; today was positive here, in that sense especially.

I'm heading up to the Northwest this weekend; see if I can't build a fire in the wilderness; otherwise eat raw some helpless creature in order to put this week behind me.

Wish me luck ;)

Total Position
: ~1.7-to-1 net-short, 81% invested

Currently Long (according to size): NTGR (7.4%); BEAV (6.9%); SBUX (added today, 6.1%); NETL (5%); ULTA (3.9%); CISG (3%)

Currently Short: TWM-long (Russell 2k Dbl-short, decreased today, 7.7%); MS (8.3%); JPM (increased today, 10.1%%); GS (increased today, 8.4%); CSX (5.2%); EPV-long (European Index Dbl-short, added today, 5%); DST (4.1%)

Futures Accounts: Out 10% Mar SP500 short, from 1097.00; Out 10% Mar Russell 2k short, from 625.20; Remain 20% short Mar NDX, from 1795.00

Twittspitt for details

Thursday, February 25, 2010

Strategy Shift


I've traded poorly this last week and today was sloppiest yet. That said, the continuing lack of volume and traction following rally days, aside from exciting near-reversal sessions like today, have caused me to switch-up the attack here.

As long as it works (going forward, since today I was caught between two approaches), I'm going back to selling strength instead of adjusting neutral or net-long as the market begins flashing strength (which is how I'd been positioning since the market stopped making lower-lows early in the month).

While one could argue the downside is not following through either, I think that depressants are growing here, the volume on down-days is running clearly ahead of the anemic volume during rallies (implies no institutional commitment) and a market which works sideways-to-down in such a slow, deliberate fashion is apt to begin cascading lower before any substantial rally can begin.

In short, I'll short and sell-long on strength, looking to retain the better longs (since I need stronger longs should my thesis of a weakening market be ill-timed, wrong or irrelevant) and sell sell sell the weaker names and indices as they rally (especially if any sense of a buy-panic is present).

This is why I played rope-a-dope today as the market recovered. Yes, if we had managed a major-volume reversal I would have responded (I will definitely respond if we get something of a follow-through session...a significant gain on rising volume, three or more days following fresh lows in the majors). Otherwise, on a day like today, then in the morning I'm a net-buyer (or net-covering) and in the afternoon I am a seller.

Total Position: ~2.33-to-1 net-short, 78% invested

Currently Long (according to size): NTGR (7.3%); BEAV (6.9%); NETL (4.9%); ULTA (3.9%); CISG (2.9%)

Currently Short: TWM-long (Russell 2k Dbl-short, 11.6%); MS (8.1%); JPM (6.5%); GS (6.3%); FWLT (5.65%); CSX (5.2%); EPV-long (European Index Dbl-short, added today, 5%); DST (4.1%)

Futures Accounts: 10% Mar SP500 short, from 1089.25; 10% Mar Russell 2k short, from 622.10; 20% short Mar NDX, from 1795.00

Updated Position (firmly into net-short camp)

Attacking this tape today; while nothing yet extreme, accounts are further net-short now since anytime since February 4th...

Total Position
: ~2.1-to-1 net-short, 72% invested

Currently Long (according to size): NTGR (7.2%); BEAV (6.7%); NETL (4.8%); ULTA (added yesterday, 3.8%); CISG (2.8%)

Currently Short: TWM-long (Russell 2k Dbl-short, increased today, 11.9%); MS (8%); JPM (6.4%); GS (6.2%); FWLT (added today, 5.4%); CSX (5%); DST (4.1%)

Futures Accounts: 10% Mar SP500 short, from 1089.25; 10% Mar Russell 2k short, from 622.10

Wednesday, February 24, 2010

Updated Position (knocked neutral)

Back and forth here continuing still. Yesterday's negative action appeared to have traction and I'll admit to being surprised at finding the opposite tape today. I'm not going to be any less mercurial than the market itself, but at the same time I will start scaling back if I can't keep things working.

Total Position: ~1.1-to-1 net-long, 76% invested

Currently Long (according to size): NTGR (7.3%); BEAV (6.9%); QLD (added today, 6.4%); SIRO (6.2%); BUCY (5.4%); NETL (5%); CISG (2.9%)

Currently Short: TWM-long (Russell 2k Dbl-short, decreased today, 6.4%); MS (8.2%); JPM (6.5%); GS (6.3%); CSX (5.1%); DST (4.1%)

Futures Accounts: Out NDX Mar future short, 1815.25

Tuesday, February 23, 2010

GS Black Cross

Brief piece regarding the Black Cross on the GS chart, posted to Evil Speculator just now...here

Updated Position (net-short)

Not in love with today's development action; scaled out of worst performing longs and added to shorts...

Total Position: ~1.7-to-1 net-short, 70% invested

Currently Long (according to size): NTGR (7.2%); BEAV (6.8%); SIRO (6.3%); NETL (4.9%); CISG (2.8%)

Currently Short: TWM-long (Russell 2k Dbl-short, increased today, 11.8%); MS (8.2%); JPM (6.5%); GS (added today, 6.4%); CSX (5.1%); DST (added yesterday, 4.1%)

Futures Accounts: no current position



Twittspitt for details

Monday, February 22, 2010

Updated Position (further net-long)

While we're not banging-higher on the first day of the week (something notable, since the first trading days have been strong-only for several months), we're more or less stable still; holding gains from the recent bounce.

Unless and until half-full fools begin to empty, I'm adhering to the adage of not selling into a dull market.

I've added further long today, but am so far holding onto hedges. I did close-out MMR-long for now - energy names are weak today in spite of the SII merger (weak nat. gas not helping) and MMR has a potentially ominous rr-track formation (zzzzz) on the daily chart; will look to re-visit MMR should it survive all of that. Finally, TIE is expected to report after the close today; it is acting well so far and I'm looking to hold for eps unless it stalls, reverses and/or fails today.

Total Position
: ~1.36-to-1 net-long, 73% invested

Currently Long (according to size): TM (7.8%); NTGR (7.3%); BEAV (7%); SIRO (6.3%); NETL (added today, 5%); RVBD (added today, 4.3%); TIE (reports after the close, 4.2%); CISG (2.9%)

Currently Short: TWM-long (Russell 2k Dbl-short, 9%); MS (8%); JPM (6.5%); CSX (5.2%)

Futures Accounts: no current position

Twittspitt for details

Sunday, February 21, 2010

Front Pocket List of Eligible Longs

Click to enlarge^^

While the market hasn't been exactly stellar lately (tepid volume on rally days and a clear dearth so far of important bellwether breakouts), it has been rising in the face of a rising Dollar, while commodities prices have been firm, and sentiment readings have improved notably.

Don't do what I do, since I'm hopefully undoing anything before my own undoing - but from the current, highest ranking industry groups (above) I'm highlighting (IMO) the better technical+fundamental eligible names, for use if the market continues improving.

Here is my updated list of go-to longs in the event we improve from here...

Elec-Contract Mfg:
SANM (extended)
JBL
CLS
PLXS
BHE (thin)

Airlines:
UAUA
CAL
DAL
GOL
LCC

Comml Svcs-Printing:
VPRT
CGX (thin, extended)

Machinery-Mtl Hdlg/Autmn:
HOLI (Chinese, very thin)
SSYS (thin)

Internet-ISP:
INAP (poor-ish fundamentals)
(everything else here too thin and/or other problems)

Oil&Gas-US Expl Prod:
MMR
XEC
NFX
CXO
PETD (thin)
APC
KWK
CRZO
APA
ATLS

Steel-Specialty Alloys:
TIE (reports Monday 21st)
ATI
CRS

Medical- Generic Drugs:
HITK
HSP
PRX
TEVA
WPI

Oil&Gas-Refining/Mkt:
IOC
WPZ
ANW
HOC

Retail-Restaurants:
SBUX
CAKE
CMG
PNRA
PFCB
BJRI

Cosmetics/Personal Care:
EL (extended)
NUS
REV (thin)

Medical-Systems/Equip:
SIRO
ISRG (high PEG)
MR (Chinese)
GIVN (very thin)
KCI

Apparel-Shoes & Rel Mfg:
SHOO (thin)
DECK (the someday-short still acting well)

Retail-Misc:
ULTA
JAS
SBH

Machinery-Constr/Mining:
BUCY
JOYG
MTW

Oil&Gas-Transport/Pipe:
EPB
WMZ (very thin)
PVR (very thin)


Oil&Gas-Machinery/Equip:
DRQ
CAM
NOV
LUFK (very thin)
BHI
FTI
DRC
CRR (thin)

Additionally, the Semi-Mfg and Computer-Network groups (ranked #25 and #31 respectively) have risen rapidly of late...

Elec-Semiconductor Mfg:
NETL
ATHR
ISSI (thin, extended)
VLTR
SNDK

Computer-Networking:
NTGR
RVBD

Friday, February 19, 2010

Updated Position (slightly net-long)

One big marketplace...so many faces.

Thus far, interest rate and equity markets are taking the Fed action in stride. I've covered a bit on the financial side (DB for now); I've added to longs (reloading TM and adding to NTGR); and I swapped metal-related longs - out of IAG and into TIE-long (which is slated to report on Monday, btw). I also covered yesterday's late-session Russell 2000 future shorts on the heels of the Fed's announcement re the discount rate.

I'm more long than short, not exactly committed to either face.

Total Position: ~1.20-to-1 net-long, 68% invested

Currently Long (according to size): TM (reloaded today, 7.8%); BEAV (7.1%); NTGR (increased today, 6.5%); TIE (reloaded today, 4%); SIRO (6.2%); MMR (5.3%); CISG (2.9%);

Currently Short: TWM-long (Russell 2k Dbl-short, 9%); MS (8%); JPM (6.4%); CSX (5.1%)

Futures Accounts: out 10% Mar Russell 2k short last night, 624.40 ave

Twittspitt for details

Thursday, February 18, 2010

The Change in the Discount Rate

I posted a little history tonight re the Fed's change in the discount rate; on Evil Speculator here.

Updated Position (slightly net-short...still)

Nothing too dramatic today - the market has rallied further, but volume is quite anemic. Financials not participating was helpful here, but body-shots from CAB earnings more than made up for it.

Boom!

Total Position: ~1.25-to-1 net-short, 64% invested

Currently Long (according to size): BEAV (7%); SIRO (6.1%); IAG (5.1%); MMR (increased today, 5.3%); NTGR (4.5%); CISG (2.8%);

Currently Short: TWM-long (Russell 2k Dbl-short, 9.1%); MS (8%); JPM (6.5%); DB (5.2%); CSX (reloaded today, 5%)

Futures Accounts: reloaded 10% Mar Russell 2k short, 626.75 ave

Twittspitt for details

Wednesday, February 17, 2010

Updated Position (patient-wait mode)

The market is showing a bit of resilience today, in spite of renewed Dollar strength. I did sell into the early market strength, speculating the higher-open would most likely be challenged, but the reversal hasn't really transpired and I'm mostly waiting instead; slightly net-short for now.

Dull drums of never short a dull market are forcing my hand.

Two things here to note:

SIRO, which was in the midst of a nice breakout yesterday has been cracked-back due to a 2ndary announcement (priced early today at 35.35). I'm going to give my open position a little space, as it is up reasonably still and the chart is not yet concerning. There is a potential entry here and especially then if it can get above the 35.35 offer price (I may not add though, as I already hold a heavy weighting for a relatively thin name). Management owns a big stake of this company, so an offer does not concern me. A hit on the news is rather standard for a strong growth chart and liquidity now will be improved.

CAB [edit: CAB reports before the open tomorrow, not tonight] which is definitely thin, is reporting after the close tonight. I'm looking to exit at least half of this position on the number (potentially shaving it before the close if it can manage nearer to 18, and then more if not all on the news, regardless of the direction). There is a large short interest in the name, which may be a plus on this news (potential for a squeeze on a chart which has managed new highs), but is usually a negative in the long run (big shorts are usually right in the end).


FOMC minutes about to hit, so got to go for now.

Total Position: ~1.2-to-1 net-short, 63% invested

Currently Long (according to size):BEAV (6.9%); SIRO (6%); CAB (5.2%); IAG (reloaded today, 5%); MMR (4.4%); CISG (2.8%);

Currently Short: TWM-long (Russell 2k Dbl-short, increased today, 9.2%); MS (8%); JPM (6.4%); DB (5%); MED (new today, 3.6%)

Futures Accounts: in and out of Mar Russell 2k short today, for 3+ pt. gain

Twittspitt for details

Tuesday, February 16, 2010

Updated Position (slightly net-short)

Out of AMZN at the close (acted miserable today) and am slightly net-short overall as a result. Will adjust tomorrow accordingly (which direction I don't yet know)...

Total Position
: ~1.15-to-1 net-short, 52% invested

Currently Long (according to size):BEAV (6.9%); SIRO (6.4%); CAB (5%); MMR (4.4%); CISG (2.7%);

Currently Short: MS (8.2%); TWM-long (Russell 2k Dbl-short, 6.7%); JPM (6.4%); DB (5%)

Futures Accounts: no current position

Twittspitt for details

Updated Position (keeping net-long)


Total Position: 1.25-to-1 net-long, 59% invested

Currently Long (according to size): AMZN (increased today 8.2%); BEAV (6.8%); SIRO (6.2%); CAB (increased today 5%); MMR (reloaded today, 4.4%); CISG (2.6%); out of IAG today for now

Currently Short: MS (increased today, 8.1%); TWM-long (Russell 2k Dbl-short, 6.8%); JPM (reloaded today, 6.3%); DB (5%)

Futures Accounts: no current position

Twittspitt for details

Friday, February 12, 2010

Updated Position (net-long, smaller overall)

Reasonable action in the market today, where (dramatic!) news has generated a lot more TV-mouthing than true selling. I've scaled-back exposure, more on the shorts than longs. As such I'm heading into the long weekend a bit smaller and a bit longer; still keying a variety of longs and mostly financials for shorts.

If I were more bullish on the market, I'd have jammed buy buttons hard today. Instead, I'm nudging that way slightly, waiting for a sign to sell 'em once again instead.

Mavericks is on for tomorrow. I'm sorry to miss out, but I picked-up a last minute North Coast sands and crabs hunt package just a day before the announcement. They're pretty much giving these things away away.

Total Position: ~1.5-to-1 net-long, 45% invested

Currently Long (according to size): BEAV (6.7%); SIRO (6%); AMZN (5.1%); IAG (reloaded today, 5%); CAB (3.4%); CISG (2.7%)

Currently Short: TWM-long (Russell 2k Dbl-short, 7%); DB (4.8%); MS (reduced today, 4.3%); out of JPM, SKF today

Futures Accounts: no current position
Options: sold the Mar 65 DB puts, 6.90 ave

Twittspitt for details

Thursday, February 11, 2010

Updated Position (market neutral for now)

I shifted early but not exactly often today; longs did their job though (smallest position CISG esp.) and move in financials was less than gruesome; not complaining...

Total Position
: roughly market neutral, considering levered etf-hedges; 64% invested

Currently Long (according to size): AMZN (8.3%); BEAV (6.7%); SIRO (6%); HUM (3.7%); TIE (reloaded today, 3.6%); CAB (3.4%); CISG (2.7%)

Currently Short: MS (7.9%); TWM-long (Russell 2k Dbl-short, 7%); JPM (6.2%); SKF-long (Financials Dbl-short, 3%); DB (4.9%)

Futures Accounts: no current position
Options: Long DB Mar 65 puts in a couple accts now, 5.00 entry

Updated Position (shift towards neutral)

Total Position: ~1.15-to-1 net-short, 60% invested

Currently Long (according to size): AMZN (reloaded today, 8.2%); BEAV (6.5%); SIRO (6%); HUM (3.7%); CAB (reloaded today, 3.4%); CISG (2.4%)

Currently Short: MS (8%); TWM-long (Russell 2k Dbl-short, 7.2%); JPM (6.2%); SKF-long (Financials Dbl-short, (reduced today, 3%); DB (4.9%)

Futures Accounts: no current position
Options: Long DB Mar 65 puts in a couple accts now, 5.00 entry

Wednesday, February 10, 2010

Updated Position (+ new Trader's Guide)

I posted A Trader's Guide to Cross Training at ES earlier today here.
(the post is the first of a new series re selling individual stocks short).

Shifting further short today, though taking some body shots with the rallying financials.

Total Position: ~1.85-to-1 net-short, 46% invested

Currently Long (according to size): BEAV (6.5%); SIRO (6%); HUM (3.8%); CISG (2.4%)

Currently Short: MS (8.1%); TWM-long (Russell 2k Dbl-short, 7.2%); JPM (reloaded today, 6.2%); SKF-long (Financials Dbl-short, (6.1%); DB (5%)(Note: I added proportionally to SKF where I could not borrow DB)

Futures Accounts: no current position
Options: Long DB Mar 65 puts in a couple accts now, 5.00 entry

Twittspitt for details

Tuesday, February 09, 2010

Updated Position (lighter, shift to net-short)

Heading into Tuesday's close...



Total Position
: ~1.33-to-1 net-short, 64% invested

Currently Long (according to size): BEAV (6.6%); SIRO (5.9%); AMZN (4.7%); MMR (4.1%); HUM (3.9%); HITK (3.9%); CISG (2.3%)

Currently Short: MS (7.9%); TWM-long (Russell 2k Dbl-short, 7.3%); SKF-long (Financials Dbl-short, (6.2%); DB (5%)

Futures Accounts: no current position
Options: Long DB Mar 65 puts in a couple accts now, 5.00 entry
Note: I added proportionally to SKF where I could not borrow DB

Twittspitt for details

Updated Position (remain long, looking to lighten)

Internals solid thus far today. I'm not expecting a reversal, but consider it significant should that occur. Otherwise looking to keep considerably long for the day, selling into the final hour, or else accordingly.

Also, I will be selling TM today (working orders just below 76 at the moment). My exposure without TM is closer to 1.33-to-1 net-long and 56% invested. Otherwise...

Total Position: ~1.66-to-1 net-long, 72% invested

Currently Long (according to size): TM (selling today, 7.9%); HUM (7.5%); BEAV (6.6%); SIRO (5.9%); AMZN (4.7%); ATHR (4.4%); MMR (reloaded today, 4.1%); NYT (3.8%); HITK (3.9%); CISG (2.3%)


Currently Short: TWM-long (Russell 2k Dbl-short, 7.3%); MS (5.4%)

Futures Accounts: no current position

Twittspitt for details

Monday, February 08, 2010

Updated Position (keeping long)


Nothing too ugly with today's action - re-nudged further long...

Total Position
: ~1.66-to-1 net-long, 72% invested

Currently Long (according to size): TM (7.6%); HUM (7.5%); BEAV (6.5%); SIRO (new today, 5.9%); AMZN (out and back today 4.7%); ATHR (4.4%); NYT (3.8%); HITK (3.8%); CISG (2.2%)

Currently Short
: TWM-long (Russell 2k Dbl-short, 7.3%); GWR (7.1%); MS (5.4%); CSX (4.9%)

Futures Accounts: no current position (last covered 30% Mar Russell2k short, 589.50)

Twittspitt for details

Updated Position

Blew out of 3 longs earlier today, added another most recently...

Twittspitt for details

Total Position
: ~1.4-to-1 net-long, 64% invested

Currently Long (according to size): TM (7.6%); HUM (7.5%); BEAV (6.5%); ATHR (4.4%); SIRO (new today, 4%); NYT (3.8%); HITK (3.8%); CISG (2.2%)

Currently Short
: TWM-long (Russell 2k Dbl-short, 7.3%); GWR (7.1%); MS (5.4%); CSX (4.9%)

Futures Accounts: no current position (last covered 30% Mar Russell2k short, 589.50)



Saturday, February 06, 2010

New CD Mission Statement (now with less content!)

Friday's market was one of those standard, epic-rare sessions whereby time slows to an eddying crawl, as psychology, volatility and rabidity culminate to spawn emotionally charged actions from both traders and investors alike.

This is where anti-genius reigns - where a heightened sense of stress almost insures ill decisions and inverse-perfection will run rampant (as in buying at the highs of a volatile session, only then to sell again at the day's low; perhaps to only buy-high again by the end).

It's days like this I know I found my proper path the day I started trading. It's days like this when work tastes fun.

Ha!

If getting root canal were a career choice there would be days when that was fun too...but all too often punishment is a major part of the work day.

Lets not kid ourselves - the biz is bearish - even if it's a blessing when there is a culmination of emotional advise to get one through the more volatile times; to get to the other side of those trades!

Okay, now that I've made a horses ass out of myself it's time to get to the point at hand; to explain why I've become more and more quiet lately, and why brevity will be the new mantra at Centrifugal Deforest.

Going forward and except for off-days when I have enough time, spite and energy, I'm going to whittle posts down (even further) and convey nothing more than my current line in the market. I will continue to post trades real-time, via Twittspitt, but on pages here the reader will get little more than current position and some glossy imagery (yep, not going to give up the groovy pics). For now, until I get to where I'm teaching more than I'm performing, I'm leaving the current market outlook out of it.

This will make it even harder to follow along with my trades (since neither you nor I really knows what is coming next), but you shouldn't be doing any of that regardless (as always - don't do what I do). If I say I'm going to short strength, or suggest any other future operative - well that may be true or I may change my mind, depending. Thus, I will try to avoid such talk; please call me on it if you see me slip.

If you're here to fade trades, then your job just got a lot harder; or easier, not really sure. Less mouth means less to fade; although the format should be a bit cleaner, so taking the other side just got better perhaps.

This scaled-back public approach has been evolving for some time and aside from fans of the franchise pics, I lost most of the entertainment-only audience some time back (I haven't been on a hunt-n-grunt expedition in what seems like ages, and if I'm not cutting holes in icebergs and flushing out anything with a heartbeat on a daily basis, some of you are plain less than satisfied; can't blame you).

Further, my new skimpier approach is encouraged by nothing less than hard science. Newer studies (this and this), for example, demonstrate that brevity is in and that the number of blogs are beginning to weaken. This is true across the board, but it is especially true amongst teenagers (and if you think teens don't matter in this game, I've got two words for you: online poker. Maybe they don't have the numbers and account sizes to make a significant impact in the direction of the market, but I can assure you the better teen traders are kicking your ass in performance; guaranteed).

Too bad they blow-up so often.

Brevity makes sense, since society is operating more and more on handset screens and users have too little time (and too many social-networking engagements) to get away with reading and writing the novel of the day in blog format.

Fine. One-liners of the day are well and good.

I've given this some thought and it suits me best for now. Market prediction is a subject that costs more than it produces. While I love hearing and reading from others what is coming next (so as to measure it against what I see happening now), my own prediction talk comes with a price (as I am wrapped-up in my own prognostication and less likely then to react/respond to the ever-changing thesis in the present).

I hate that.

On top of it all, I'm frankly a lot better at digesting what is happening right now (quietly) and I'm fairly mediocre where it regards the future (imagine that). When I do set out to write about now I'm unable to stop time in order to discuss it; I might miss something real and relevant because I've stopped to discuss it instead.

I really hate that.

The market is a fluid beast. If I'm going to fight the dragon (or the dentist) and the dragon is a worthy opponent (such as a volatile market), then better to save any press-conferences for after the fight (assuming I have any reserve strength; often I'm rather spent at the end of the day).

Cliff Notes: I will continue to convey trades and positions in real time via Twittspitt, and I will keep-on with the relevant(!) franchise imagery - but mum is the word when it comes to where the market is headed and what I'm intending to do about it. Other (younger) traders might be able to talk and chew gum at the same time - I cannot. Time and energy permitting, I'm happy to include specific trading and investing principles (such as the Trader's Guide series) from time to time. For the more part however, this blog is going to contain less.

Good weekend!

Updated Position (counter-punch long)

Total Position: ~1.75-to-1 net-long, 73% invested

Currently Long (according to size): TM (7.8%); HUM (7.5%); BEAV (6.4%); AMZN (4.7%); ATHR (4.3%); MMR (4.1%); NYT (3.8%); HITK (3.8%); IAG (3.7%); CISG (2.3%)

Currently Short
: TWM-long (Russell 2k Dbl-short, 7.3%); GWR (7%); MS (5.5%); CSX (4.9%)

Futures Accounts: no current position (last covered 30% Mar Russell2k short, 589.50)

Twittspitt for details

Thursday, February 04, 2010

Cartwheeled (still scumbag-short here)


I hate arguing, but I love resolve. No time for comments still, but the market is cartwheeled again. If we close the majors at lower-lows, then long-only investors should be thinking of safety first, in my (scumbag) opinion.

Quickly, internals today are severe-negative - volume is heavy and breadth is running (presently) 5-1 negative on the Nasdaq and 7.7-1 negative on NYSE.

Don't do what I do, but this is a green light to pressure the sell-button, on any flinch-higher, through to the close.

Total Position: ~3.23-to-1 net-short, 77% invested

Currently Long (according to size): TM (9.43%); HUM (7.7%); BEAV (4.9%); MMR (4.1%); CISG (2.4%)

Currently Short
: JPM (10.9%); GOOG (9.8%); TWM-long (Russell 2k Dbl-short, 9.4%); GWR (6.9%); MS (5.4%); AAPL (5.1%); CSX (4.9%); DISH (4.8%)

Futures Accounts: Covered NDX Mar future short, 1751.17 average; Reloaded 10% Mar Russell2k short, 595.90

Twittspitt for details

Tuesday, February 02, 2010

Quicknote (updated position)


Re-weighting heavier short again today, though I will back-off some if the market keeps firm all day, closing the SP500 above 1105 or so; NDX remains the laggard of late.

Total Position
: ~3-to-1 net-short, 59% invested

Currently Long (according to size): HUM (7.9%); MMR (4.4%); CISG (2.5%)

Currently Short
: GOOG (9.9%); JPM (9.2%); GWR (7.2%); TWM-long (Russell 2k Dbl-short, 6.9%); MS (5.6%); AAPL (5.2%)

Futures Accounts: 30% NDX Mar future short, average entry = 1759.92; relevant accts

Twittspitt for details