Reporting trades from 2/25/08.
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1: MARCH 30 YEAR T BOND
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USDH8 O=116-30 HI=117-02 LO=115-16 CL=115-27

The unwinding of long position was greater than I’d anticipated
but it just shows how biased we are tothe downside at the moment.
Inflation talk seems to be the idea that holds traders attention
right now. It’s as if the market is collecting asking “what recession?”
Talk about a split personality.

We tested 116-16 early and then started a climb into the RTH open.
I could’ve jumped in about 116-21 or so on the continuation angle
but I chose not to. I wanted to see either 116-16 again or 117-00
to initiate anything. We got the 117-00 and I sold 116-29 which I
exited at 116.02 for $843. I bought 116-03 and exited at B/E. I
next bought 116-03 and got stopped at 116-11 for $250. I sold
115-29 and got stopped at 115-19 for $312.

I think we need to be careful tomorrow. The PPI and consumer
sentiment numbers could set the market in motion. I don’t think
it will be enough to be scary as hey priced a whole bunch of
inflation into the market today. Just be on your toes with any
open trade.

For Tuesday we’ll watch 115-16, 116-00 and 115-00 for first
action.

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2: MARCH CANADIAN DOLLAR
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CDH8 O=9956 HI=10037 LO=9956 CL=10026

I bought 9955 and hung on for a little pop to 9980’s. I let it ride
a bit after we got there but finally put in an OB order the sell if
80 was broken. It didn’t take long, which is sorta’ the point, idinit?
I was gone at 9978 for $230. I sold 9975 and exited at B/E. The
break above 9975 was very appealing but I said no buys so I let
it go to my very big disappointment. I sold the failure at 10000
at 9995 but got stopped at 10010 on a nasty little spike. I had my
stop at 10003 but they filled me at 10 for a $150 loss. I sold the
failed double top at 10040 at 10035 and closed the trade at 10011
on an OB play for $240.

All the weekend numbers for tomorrow, Tuesday

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3: MARCH SWISS FRANC
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SFH8 O=9191 HI=9209 LO=9180 CL=9188

After sinking throughtout the night the SF started a sustained up
move about 3 am. By the time RTH arrived we’d already put on 50
points from the origin and were stting on 9200. I watched it tap
on 9208 and 09 for close to an hour. I sold 9207. I exited at 9192
for $187. I sold 9195 a gain and exited at 9187 on an OB for $100.

Stay on the weekend numbers

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4: MARCH MINI RUSSELL 2000
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ERTH8 O=695.50 HI=712.50 LO=692.90 CL=710.60

I seriously don’t understand how the stock market can manage to
gain under the current circumstances. I’m sure the news that some
derivative insurers got help and retained glossy ratings was cause
for celebration but the hangover is gonna’ be a bear - pardon
the pun. Maybe the narket is sayingit is happier dealing with inflation
as opposed to a recession.

I began selling 694.50 on the break of 695. I exited at 696.80
losing $230. I bought 695.50 and exited at 701.70 on an OB play
for $620. I missed the sell off the break of 704. I sold 699.50
and exited at 697.70 for $180. I bought 695.50 and exited at
699.90 for $440. I missed a nice sell on the break of 700. I bought
695.50 and exited at 707.70 on an OB play as we popped above
708 and then retreated below. We picked up $1210

All the weekend numbers are in play.

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5: MARCH MINI $5 DOW
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EYMH8 O=12380 HI=12590 LO=12345 CL=12566

I bought 12362 and exited at 12496 for $670. I then sold 12496
and exited at 12400 for $480. I got busy in other markets and
missed a couple of alarms. I ended my DOW day without further
trades. There was a nice buy at 124 that ran near 12550.

Stay on the Weekend numbers.

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6: APRIL GOLD
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GCJ8 O=930.60 HI=942.50 LO=928.90 CL=935.40

I sold 948.50 and exited at B/E. I sold 948.50 once more. I exited
this one at 938.30 for $1020. I did 3 additional trades that all
ended at B/E. There were 2 sells and a buy,

I’ll play 940/950 tomorrow if given the chance.