Outlook

Wow, things are a lot worse than I thought. I moved my 403b money from stocks back to money markets on Monday (8/18). As soon as I saw lower high with an important trendline broken, I quickly moved. I took a stop loss on GS (-$120 loss) on '5' lots. I'm still holding AAPL since I have some cushions to work on. Techs still look great but without overall markets' help, it'll be hard.

Oil, gold, euro, grains etc all started resuming its trend to upside. I should start looking at gold or gold related stocks pretty quickly. Financials are really bad and they are weighing markets down. FNM and FRE could be gov-owned very soon. LEH might go bankrupt. As soon as one or both happen, I'll look long again. Buy the rumor, sell the news, isn't it?

I talked about possible new long term trades. Today Natural Gas shot up from inventory report. Well, my order may not get filled at all!

I exited my soybeans short at 1184 and 1272. I'll look to short the beans again if the spread gets about $35000.