We sold 50% of our long Stocks and ETF’s for a decent profit yesterday. Keep a break-even stop on the remainder of your holdings.

Gold..we took a very small look at this instrument via the GLD. Futures traders got your trade location last night on the dip. It’s a ten dollar look to see if it holds or we’re way early. ETF traders cancel your lower buy orders. I would not like to see the Gold take another trip to last night’s lows.

We will be closed for Rosh Hashanah. Monday will be our next scheduled update.

For those of you participating, it should be an interesting Qtr end mark. We’ve now hit one end or the other of this 100 point range in the Spu at least once a week for the past eight. Some weeks we’ve done a complete round trip. Frankly, I’m a little worn out.

Historically, next week sets up the bigger seasonal moves. A whole new game will unfold. Will new money come into the equities? If the equities do rally, will that rally be met with willing sellers and another break? What are the ancillary plays off this?

Rest up the machines will still be running.

Model Trading Portfolio…Current Holdings

Suggested Holdings…All remaining positions should have break even stops

GLD…158.80 Stop

DE…John Deere…

BTU…Peabody Energy

BP…

CVX..

3M…

JJG..

DIG…

We Trade To Make Money, Not To Be Right! Being Right is the Bi-Product of Proper Trade Location and Risk Management. Trades Are Judged by Risk and Distance Traveled, Not Time In The Trade!