Tuesday, January 26, 2010


We added to all our positions at the open, also bought SU GDX and picked up PCU. We got rid of our steel stocks NUE SCHN (NUE for a profit because of the opening add, SCHN for a loss).

We have now sold the adds in all the stocks and are holding core positions, hopefully for swing, on RIG AUY BVN GDX JRCC PAAS TC SU PCU.

Since these are now swing-size positions, stops are simply today's low of day.

11AM update, Closed RIG long against 20 SMA, sold more AUY BVN GDX PAAS SU PCU on the rally. Small positions left now in AUY BVN GDX PAAS JRCC SU PCU TC.