{+++}Miss you guys and I will be back in the fox hole on Friday morning. I return on Thursday evening and plan a recap and a full review o what is what. I’m down in Phoenix on some business with my friend Todd Stottlemyre and between running around like a headless chicken and dealing with the time difference, it’s been a little harder to post in to the blog than I thought.
I do know that today is the end of the month and the quarter, and there seems to be some churning. Nothing seems too out of the ordinary other than the fact that prices are easing. The bulls are still in control and it’s there game to lose right now. The market is closed on Friday so it will be interesting to see how the bulls handle their recnt profits, it could just be a light volume, churning type week.
PAR,GILD and WYE are only longs and are slightly positive.
UPL triggered short at 38.96 and the daily chart looks horrible, but the volume is light. I think that will nosedive if they go bearish on energy.
If you have questions, shoot them in on Disqus or my gmail and although I’m on the run, Iwill get back to you. It will go to my Blackberry so I will have access.
WATCHLIST
EOG-SHORT AT 65.48 NEW NAME NO TRIGGER YET
UPL-SHORT AT 38.96 NEW NAME NO TRIGGER YET
CNX-SHORT AT 33 NEW NAME NO TRIGGER YET
KRE-SHORT AT 17.72 NEW NAME NO TRIGGER YET
RTH-SHORT AT 75.50 NEW NAME NO TRIGGER YET
CMA-SHORT 19.63 NEW NAME NO TRIGGER YET
JLL-SHORT AT 30.48-NEW NAME -NO TRIGGER YET
IYR-SHORT AT 30.50-NEW NAME -NO TRIGGER YET
BRCD-LONG OVER 8.01 June 28
MON-SHORT UNDER 73.55 June 28
BHI-SHORT UNDER 35.68 June 28
ACTIVE POSITIONS
GILD- LONG AT 46 STOP AT 45.25 45.50 (SOLD HALF FOR +1.70)
WYE-LONG AT 45.25 TRIGGERED
PAR- LONG AT 12 (it was a daytrade) but many of you held so I have on the list
UPL- TRIGGERED SHORT 38.96