7/12/2006

Wow I haven't updated for over a week, and the market just continues to be very very volatile. With earning season here and all the geopolitical crap it is just screwing the minds of all the traders including myself. My winners are being dragged to become my loser by this pychotic market. But, must stay focus and calm and not get suck in by the bears. This market continues to want to go down, the only thing I could see lifting the market up is the Fed announcing they are finish with interest rates. Other than that, earnings will dictate the market for the next 3 weeks. I'm heavy on the techs because they have came down tremendously and shorting the refineries. Even though today's oil inventory was bullish, all the oils dropped because they have already factor the number in already. Everyone is thinking about the hurricane season, Iran,Iraq, and N. Korea but all of these will resolve themselves and the inventory number will continue to build. I'm going to lay low this week and wait until next weeks heavy earnings from all the tech bellweather.


Longs Cost Unrealized g/l:
rimm 68.7
adsk 35.16



Short Cost Unrealized g/l:
vlo 63.30
tso 71.5