Sector Indexes

An overview of sectors in the US based on my intepretation:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down
DJI	Down	Down	Down
NasdaqComp	Down	Down	Down
Natural Gas	Up	Up	Neutral
Oil	Up	Neutral	Down
SecurityBroker	Down	Down	Down
Bank	Down	Down	Down
Housing	Down	Down	Down
Shipping	Up	Neutral	Down
Steel	Up	Up	Up
Retail	Down	Down	Down

I'm still looking to buy PUTs for the financial and retail. For the oil and gas sector, I'll wait for more clearer signals.

Nordstrom (JWN)

JWN Weekly Chart

Bought the PUT for JWN on Friday because it has broken out of the rectangular consolidation area (between 32 to 39). Next supports at 29/25/18.

Petrochina (PTR / 0857.HK)

0857.HK Weekly Chart

Still in downtrend. Should continue down with oil going up. Buying the PTR put to replace my VLO. Oh yes, I was stop out of my VLO put during it's rally in the first week of June. Then, the oil chart was looking toppish and VLO shows potential of going higher, but it fooled me. Didn't get a chance to get back into my VLO put. So, I am hoping the PTR put can replace my missed chance. Bought the PTR put today.

Abercrombie (ANF)

ANF Daily Chart

Bought ANF Put after the price drop out of the rectangular box that I have drawn. It should go lower if it is not a false break.

Steel Dynamics (STLD)

STLD Weekly Chart

Bought CALL for this counter as it will be closing at new high. Weekly chart indicates the possibility that it will break into new high soon.

Las Vegas Sands (LVS)

LVS Daily Chart

Just bought LVS PUT because it has broken out of the falling wedge (not shown in chart) at 15 minutes before closing. Downtrend may accelerate if my theory is correct.

Patterson (PDCO)

PDCO Weekly Chart

Bought PUT because it is more or less broken out of the symmetrical triangle. Target maybe around 26.

Legg Mason (LM)

LM Weekly Chart

Open a PUT position. If it breaks 51.50, downtrend will accelerate and the next targets are 48/36.

May 2008 Performance

Closed 3 positions in the month of May:
1. EGLE call (++)
2. QCOM call (++)
3. XOM call (+)

Based on gross paper profit, I have recovered 80% of my loss. Luck is still with me. Looking at the total commission I have paid, the total is 30% of my initial capital! Oh boy, I'm thinking of injecting more capital to so that I can trade in bigger position. This will lower down the percentage commission for each trade. But, I'm still not that confident yet. I'm still reading a lot of news and blogs so that I can categorize the counters in their respective sectors.