A.M. Look 1/26/11

Pick your dates wisely this A.M. Trading has become a scene from the match game. It’s all about picking the right door. ( The hot stock of the day) We got a little premature leading off in the Spu yesterday. 1296 is the key pivot for today. The entire day will center around the Fed minutes this afternoon. Price action and a close above 1296 and this march up will continue. We have a long position in the financials that is still hanging in. So we’re basically spread the long XLF/ Long SDS with an over weight skew to the downside.

We still have a small position long the TBT and REE as well.

The whole game is still long Spu/short Bonds

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