I've been so far incorrect about any serious weakness in the generals, but I still will cling to the belief until proven otherwise that in a full blown correction, no one can feel safe. Including those hiding in the generals - namely coal and fertilizer and natural gas. So far each time I have cut back on these anticipating such a selloff, the institutions have been loading up. So I've been on the wrong side of the trade. But I'm going to try it once again and cut back exposure a bit (obviously yesterday morning when they spiked would of been a better time) but with the S&P 500 now below 1275, and still no real fear in the market I am worried they will find their time in the woodshed - but again, I've been wrong on this for the past few weeks.
- Fertilizer: Mosaic (MOS) down to 1.6% stake, Potash (POT) down to 1.5% stake, CF Industries (CF) down to 1.2% stake, Intrepid Potash (IPI) down to 0.7%
- Coal: Alpha Natural Resources (ANR) down to 1.5% stake, Massey Energy (MEE) down to 1.3% stake, Arch Coal (ACI) down to 1.1% stake
- Atwood Oceanics (ATW) - great chart - but simply worried about the market - down to 1.3% stake
- Natural Gas: Encore Acquisition (EAC) which we started last week and have a quick near 10% gain, down to 1.0% stake, Cabot Oil & Gas (COG) down to 0.6% stake
I've increased short exposure across the board.
I will assume this is a great fake out, and the people will jump back into the generals on this minor selloff, and I'll be wrong (again) - selling off some of my most favorite names sort of flies into the face of logic, but with some of these companies nowhere near any chart support and yet to face any adversity during a month the markets sold down nearly 10%, I am being cautious. Just showing you what I'm doing, and why - and we'll monitor from there. As I type this of course the market is drifting back up to 1276... (see it did not take long for that head fake to play out) Tricky market right now. Very tricky. I can make a case for a nice oversold 5% bounce here or a traumatic selloff - so it is very difficult to have any game plan for the near term since these are completely different outcomes and both are probable.
Long all names mentioned in fund; long Mosaic, Alpha Natural Resources in personal account
Did you like this article?
's
nike air max 90 trainers in
Full selection of NHL
You have boughtlouis
cheng_sky Cheap Coach
paul smith uk
paul smith london
paul smith shop
paul smith sale
paul smith men
paul smith online
paul smith clothing
paul smith clothing online
paul smith clothing for men
paul smith clothing for women
paul smith clothing discount
ugg classic short ugg classic tall Boots ugg tall ugg tall boots ugg classic tall mbt m.walk peachblow
mbt lami
london links links london
links london jewellery
links of london
love links jewellery
love links
links bracelet
links bracelets
links bracelets london
links bracelets cheap
links bracelets for men
links charms
links charms sale
love links charms
links jewellery
links of london usa
links of london sale
links of london wholesale
links jewellery sale
links jewellery wholesale
tiffany co
tiffany and co
tiffany rings
tiffany jewelry
tiffany & co
tiffany jewellery
tiffany engagement rings
engagement rings
tiffany uk
tiffany ring
tiffany ring on sale
tiffany ring for sale
tiffany ring for men
ugg bailey boots Ugg Bailey Button Boots Ugg Bailey Button ugg button boots Ugg Bailey UGG Classic Cardy boots Cardy boots UGG Cardy boots UGG Cardy sale ugg classic short sale ugg short boots ugg classic short ugg classic tall Boots ugg tall ugg tall boots ugg classic tall mbt m.walk peachblow
mbt lami
mbt mbt trainers mbt
mbt trainers
mbt schuhe
mbt sale shoes
mbt sale
mbt shoe
mbt shoes review
mbt shoes clearance
walking shoes
mbt anti shoes
outlet timberland
timberland women boots
timberland boots uk
timberland boots men
timberland boots cheap timberland boots on sale
timberland boots for women
timberland boots for men
timberland boots for kids
timberland boots for cheap
timberland boots for salembt
mbt trainers
mbt schuhe
mbt sale shoes
mbt sale
mbt shoe
mbt shoes review
mbt shoes clearance
walking shoes
mbt walking shoes
mbt shoes uk
mbt reviews
mbt shoes
mbt shoes on sale
cheap mbt shoes
mbt shoes for sale
anti shoes
mbt anti shoes
mbt chapa shoes
mbt lami shoes
mbt lami sale
mbt lamis
mbt lami purple
mbt sport
mbt sport 2
mbt sport
mbt sport shoes
nike high dunk
dunk high