Yesterday we picked up a few names in a small way. Keep the tight stops in place.

SPU…The range was very big last night. We will monitor the price action to see if there is a low risk level to try a small short again in the indices.

JJG…we put on a small teaser just to be involved. Ideally we’d like to buy it again (add) around 50.75 with a closing stop below 50.

The other names we picked up (OXY,BHP,3M) have moved up 4-6% after the market short term stabilized on the previous holds.Today should be very telling in regards to further price action. All the techies,wavers and fundamental guys are betting on implosion of the stock indices with a screaming dollar. For now, we will treat this as a short term trade.

U.S. Dollar…Trades don’t typically give you the kind of satisfaction the dollar bulls have enjoyed without bending a lot of players over first, particularly after moves, that have been this prolific, in a short period of time.

Model Trading Portfolio…Current holdings

Long TBT

Short 30 Yr. Bond Futures

Long JJG

Long OXY

Long 3m

Long BHP