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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (58651)1/12/2005 7:36:06 PM
From: energyplay  Read Replies (1) | Respond to of 74559
 
Hi Jay - Big US trade defict, 60 Billion for the month. But the USD is doing better vs. Euro, now $1.31 buys a Euro.

Is this a pause before more USD decline, a reversal, or the start of a half year of being in a trading range.

I have been cutting even a few higher priced Canroys, plus almost every E&P (except some special situations)

I have also sold any stocks where I don't see a definite up trend. A stock prints a +0.02 for the day, and it may be out the door soon.

I have roughly 15% cash, 5% RYVNX (a bear fund, -200% of Nasdaq 100) and puts on QQQQ, EBAY, and ADBE.

The market is choppy, but it seems some stocks have big enough one - two days moves that day trading may be worth while....