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SharePlanner (< 20)

Trade Setups for June 7, 2010

Recs

3

June 07, 2010 – Comments (3) | RELATED TICKERS: URBN , JST

US Futures are doing much better than they were at about 10pm last night, when the S&P was looking at losses of almost 15 points to the downside. But since then it has spent much of its time rallying, and now we are looking at a breakeven open. Overseas markets are all looking problematic today, especially in Asia, where there are losses in the range of 2-4% - most likely in response to the US Sell-Off on Friday.

For me, I will be looking to jump back in to the short-side of the trade, committing as much as 50% of my capital at some point today. That means, I will be steering away from the scalping of the SPDRs (SPY) and focusing instead towards establishing multi-day positions.

Nothing major planned in terms of economic reports today.

Here are Today's Trades...

SHORT: Urban Outfitters (URBN)

SHORT: Jinpan Intl (JST)

3 Comments – Post Your Own

#1) On June 07, 2010 at 8:22 AM, IBDvalueinvestin (99.63) wrote:

They are up because Germany sold more BMW's because of the crashing EURO, I went to a BMW dealer in Newton, NJ over the weekend and they had slashed BMW prices to account for the lower Euro.

 

But Germany is the only EURO nation benefiting  from this export, most Euro countries are net importers.

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#2) On June 07, 2010 at 12:01 PM, SharePlanner (< 20) wrote:

I shorted URBN today, but couldn't find shares of JST

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#3) On June 24, 2010 at 2:38 PM, greenwave3 (< 20) wrote:

short JST at your own peril... electrical infrastructure in a developing country @ inexpensive valuation.

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