It’s going to be a long day and my interest lies with the end of day trade. “Where we close”. Yesterday saw us cut our “Risk On Book” by 50%.

WHY? Caution, and as one of my friends always preaches..” You have a plan, stick with the plan” ..Just as a reminder we design our trade recs for the longer time frame investor, who is not flipping positions every two minutes, however we do have plenty of clients in that category.

JJG…We are looking to BUY this ETF with a stop close below 50 today. We took a nibble a little higher up. We would like to buy more in the low 50’s using the above stop close.

SPU…1198 becomes the level to key off of for the rest of the day in the DEC S&P. Sustained action and a close above puts in an outside reversal week to the upside.

This will be a key indicator ( Pivot) as a myriad of instruments all have the same pattern, not least of which is the lowly Financials sector. The following are but a few names to watch with the corresponding level.

GS..108.79

BAC..7.52 w/a double bottom on the weekly

RKH…66.41 w/ a double bottom on the weekly

XLF…12.93

JNK..38.23

BRK.A…106,120 If you love Warren Buffett watch this!

OXY…85.26

DE…79.47

IBM…169.58

ARUN…20.31

FTNT….19 w/ a double bottom on the monthly

KBW is looking good

Countries

We will buy EWZ ( Brazil) on a 61 “STOP CLOSE ONLY”

EWJ..9.58…even Japan is trying to bottom!

Model Trading Portfolio…Current Holdings

Long TBT

Short 30 Yr. Bond Futures

Long JJG

Long OXY

Long 3M

Long BHP

Long IBM