Tuesday, July 24, 2007

CPO - Up big on a down day

Up big , bounced of 50 day. to add to watch list

Market - Near term top

Looks like market has topped for the time being. S&P and DOW , MID cap, small cap
Big down day for most of sectors including oil
I am out of most of my positions expect my S&P Ultra short fund SPX
Took profits in MDR, CME , CLB.
Got in and got out of UNG

Want to get into oil again after this pullback. Also watching Uraninum fund U.TO.

Want to short financials. Did not get a chance