Thursday, November 11, 2010

Position update

As we posted yesterday we are long TZOO in anticipation for 37 breakout.  We took some off into the rally today but keeping most of the position.

OXY was a target trade to 86 from last night's newsletter (and we posted the chart this AM on StockTwits) and it delivered well as it set up Indy a point under that and then went 2 points over.  We're long swing for new 89 target. 

XLF was a newsletter support long from a few days ago.  We bought XLF yesterday on the test of daily support (partial still left from 15.08 buy).   We're swinging the position again into tomorrow.

We fortunately have cushion in all 3 positions -- stops are above breakeven for all three.