At the time of the Dubai crisis, the equities market redefined its tight coupling vis-a-vis the dollar such that drops in the dollar correlated to rises in the stock market to a greater degree than rises in the dollar correlated to drops in the stock market. Today's FOMC announcement is meaningful because it compels participants to revisit this correlation. Will the Dubai redefinition stick, or will we see equities stumble?We bought DEI today, and got stopped out of NFLX.
| Current Holdings | ||||||
|---|---|---|---|---|---|---|
| Ticker | Basis | Closing Price |
Perf. | Sell-Stop | Addl Exit Guideline | Chart |
| AONE | 16.81 | 18.32 | +9.0% | 17.34 | N/A | Chart |
| VVUS | 8.76 | 9.30 | +6.2% | 8.76 | N/A | Chart |
| SKF | 25.31 | 24.86 | -1.8% | 24.19 | N/A | Chart |
| FST | 19.61 | 22.15 | +13.0% | 20.67 | N/A | Chart |
| CBG | 12.31 | 12.92 | +5.0% | 12.41 | N/A | Chart |
| DEI | 13.89 | 14.14 | +1.8% | 13.59 | N/A | Chart |
| SBGI | 3.81 | 3.85 | +1.0% | 3.49 | N/A | Chart |
| CMC | 17.32 | 17.18 | -0.8% | 16.82 | N/A | Chart |
For tomorrow, more shorts than longs, but SKF is not a re-up. Curiously, the buy entry point is the same one as before.
| Ticker | Entry | Exit A | Exit C | Chart |
|---|---|---|---|---|
| RDN (Radian Group) | 6.61 | 6.19 | N/A | Chart |
| LVS (Las Vegas Sands) | 16.33 | 15.65 | N/A | Chart |
| SKF (Ultrashort Financials) | 25.31 | 24.58 | N/A | Chart |
| SMN (Ultrashort Basic Materials) | 8.96 | 8.49 | N/A | Chart |
| EEV (Ultrashort Emerging Markets) | 11.34 | 10.99 | N/A | Chart |
Please refer to "How To Trade The Ideas" (right-hand side) to read this table.
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