Current Long Positions (stop-losses in parentheses): MWV (26.37), MMM (85.55), FCX (118.75), FSLR (135.30), FFIV (140.95), SLB (81.35) Current Short Positions (stop-losses in parentheses): None BIAS: 35% Long Economic Reports Due Out (Times are EST): Consumer Price Index (8:30am), Retail Sales (8:30am), Industrial Production (9:15am), Consumer Sentiment (9:55am), Business Inventories (10am) My Observations and
Current Long Positions (stop-losses in parentheses): BZ (8.10), MWV (26.37), CLMT (21.53), MMM (85.55), ALKS (12.17), FCX (118.75), FSLR (135.30) Current Short Positions (stop-losses in parentheses): None BIAS: 28% Long Economic Reports Due Out (Times are EST): International Trade (8:30am), Producer Price Index (8:30am), Jobless Claims (8:30am), EIA Natural Gas Report (10:30am), Bernanke Speaks
Markets are looking pretty sluggish out there today. Overnight we saw pretty significant declines from the Asian markets with losses ranging between 1.4% and 1.8%. The European markets aren’t fairing much better down about 1.2%. Currently US futures sees the Dow down 52 points, while the NASDAQ and S&P are each down 5.75 and 6.5 points respectively. We