9/26/2006

Multi-year highs again on the SP500 and the Dow is only about less than 60 point from its all time high. Is it because of the high confidence number, low inflation, or low energy cost that is adding fuel for this rally? I don't know, but it wants to go up and up and I'm hurting on my short positions. Today, day traded bhi for +.95/share after it ran up in the morning, I shorted and had a decent scalp. It is weird how the xoi remain very strong throughout the day as the oil per barrel dropped. Is it a sign of a bottom for the energy sector or just running with the tech bulls. Well this week is not a great week to judge the true sentiment of the market with the ending of the 3Q it can be easily manipulated by the institutional.

Longs Cost Unrealized g/l:

uso 65.70


Short Cost Unrealized g/l:
rimm 73.87
aapl 62.40