Monday 24 September 2012

Update & New Trends

Downtrend – Sell Short

Ross Stores Inc.: the charts indicate that Ross Stores Inc. has started a new downtrend on Friday at $65.92.


Update & Positions
Markets have been flat to slightly negative over the past week which resulted in most stocks declining. However it wasn’t significant enough to reverse their previous trends.

Chesapeake EnergyBest Buy Co Inc. and Bank of China, are still trading above their Sell Stop price and remain as long positions.

 

  Buy Sell ShortBuy to Cover21-SepGain/Loss
USDate Date Date Date   
Sprint Nextel Corp.5/25$2.62      $5.65115.65%
Chesapeake Energy Corp.7/6$20.04      $19.36-3.39%
Suncor Energy Inc. 7/20$30.07      $33.8312.50%
Oil Crude (Sweet)8/10$92.87      $92.890.02%
Best Buy Co Inc.8/17$20.27      $17.81-12.14%
Eldorado Gold Corp8/24$13.01      $15.5519.52%
Ross Stores Inc.    9/21$65.92  $65.920.00%
           
CANADIAN          
           
Sun Life financial Inc.8/17$22.98      $23.140.70%
Bank of Nova Scotia8/17$53.28      $54.031.41%
Manulife Financial Corp.8/17$11.34      $11.773.79%
Kinross Gold Corp8/24$8.93      $10.1113.21%
           
Hong Kong          
Wharf Holdings Ltd (4:HK)7/6HKD 45.25      HKD 52.3515.69%
Cheung Kong (Holdings) LTD (1:HK)7/20HKD 102.00      HKD 112.9010.69%
Bank of China (3988-HK)8/10HKD 2.99      HKD 2.96-1.00%
Bank of East Asia8/10HKD 28.65      HKD 29.252.09%
           


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