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Market Happiness

Posted on: Thursday, July 23, 2009 12:54 PM EST

The market pulled ahead today. There may be an opportunity to capture a pull back on all the enthusiasm.

I purchased Short DOW, Short OIL and GAS, and based on UPS comments about poor short term outlook purchased some PUTS on UPS.  Typically the shippers are seen as a good indicator of the economy. When people start cashing in some long positions, UPS will be the story of topic and we may see a pull back. Either way, the market is strong so if it continues I am prepared to dump and run on these shorts.

SHORT DOW
Short DOW

Short Oil and Gas
Short OIL

PUTS on UPS
Short DOW

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