Thursday, February 4, 2010

Baling on Commodities

I should be jumping for joy after a day which saw my portfolio jump in value nearly 4.5%.  You might not believe me if I told you that 4 of my 9 positions were down nearly 5%.  What saved my bacon was having positions shorting China and Financials that were up nearly 10%.  I am still holding my bond short and my biotech short which were down hard, but I am watching them closely.  I am dumping my commodity longs however.

DBC - The price action Tuesday was my signal to buy DYY.  Price action today tells me it is over already.

DYY - I am just trading what I am seeing

USO

DIG

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