The Wrap 4/8/10

{+++}Another decent day for the home team as RNN and KERX had decent percentage gains. Steel and materials had a pull back but closed firm. The financials (XLF) had a firm day and actually tagged a new 17 month high before retreating by only pennies.

We took a great profit on WYNN and that position is now closed. We also took a third position in RNN off the table for a 39% profit.

I’ve added 3 new names-all SHORTS.  I don’t have the charts for them tonight , but we will talk more about them in the chat room tomorrow. Have a great evening.

Please go to the P&L tab for the new additions-I have also adjusted some stops as usual.