ETFC - Stopped Out at $3.25

Sold NKE at the open at 61.75

6/25 Transactions

CCC - We are stopped out at $17 - not sure what happened here, but will research and report later on.

Energy/Oil/Coal are taking a pounding this morning, will add exposure as follows:

75 shares of ATW at $107
25 shares of DVN at 113.75

6/23 Executions

VZ - sold at $35.50

Bought 300 BJS at $33
Bought 400 EP at $21.25

Sold Short 100 WYNN at $87.50

6/23 Plans

Will be selling out of VZ first thing in the morning.

The trip on the CCC train may be a short one - the stop is in at $17.

Also, looking to short a number of retail and regional bank names (AIG,WB, BAC, STI, DKS, CYN, BKS, PVH)

Looking to go long on some more energy names (EP, BJS, ARD, NBR, DNR)

CCC - Get on the Calgon Carbon train

Buying around $19.25, looking for $28 in short order

AT&T is dead - sold at $35.80

CLF - Sold at $101.25

NSC - Sold at $63.10

Plans for 6/16

The BP Charts continue to urge caution and some of the stocks in the model portfolio have broken down. We have gotten a nice bounce and will look to reposition the model portfolio as Monday will likely be the last day of the oversold bounce. The following will be sold on Monday:

CLF - Anywhere over $101 would be ideal
NSC - Anywhere above $63 would be ideal
UNP - We are putting a stop in at $74 as the rails seem to have topped out

While the trading action in T and VZ is poor, the P&F charts are still OK so we have to let the planned trades play out.

We will look to initiate some short positions on any further bounce in the retail and regional bank sectors.

6/9 Executions

Sold 30 shares of BNI at $112.25
Buy 50 shares of CVS at $42.75
Buy 25 shares of NKE at $68
Buy 50 shares of TRN at $38.40

Monday June 9th Plans

The Bullish Percent charts are flashing some warning signs, so appropriate action will be taken as follows:

Declaring victory in one of the rails - selling the remaining 30 shares of BNI in the morning - price TBD.

Adding 50 shares of CVS to the existing position, target buy price under $43.

Adding 25 shares of NKE to the existing position, target buy price under $68.

Adding 50 shares of TRN to the existing position, target buy price under $38.

Looking to start some short positions, on a bounce, as well as looking to establish new longs in the copper and coal world.

Short ideas are as follows: AIG, FRE (more), FNM, TCB, WTFC, MSSR, WFMI, GPS, PFCB, CAKE,

Long ideas primarily center around JOYG, FTK, PCZ, QTWW, LEI, END, XCO, PZE