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 Oil and Gas
PUTS on UPS