Hammy PT

Been running hills the last few weeks, usually every day.

Yesterday got my p90x workout in. Today is going to be a swim day.

Hammy Trade: SDS

6/16: Bought SDS at 55.37 to hedge against my longs. Last night i remember wishing I had bought some during the day, and was pissed I hadn't when SPX futures were so low.

The SPX is indecisive, and I don't feel like getting "dropped down an empty elevator shaft" as Fly would put it.

UT O-Course proposed location

Hammy Trades: ABAT, CEP

Got in ABAT on 6/10 at 4.10. Current chart (6/15): Pattern not yet broke out, or down. Hold.

Update 6/16: Still consolidating. Breakout box listed. Will either break out, or be sold soon.

Got in CEP on 6/11 at 4.24. Current Chart (6/15 close): Viable triangle breakout. Still holding. Price target around 5.00

Update 6/16: Still healthy, looking fine. Large price range ahead though. Not sure I like holding onto these, when the market is stalling out.

Hammy Trade: UNG

Triangle breakout-- plain and simple. Also not a bad fundamental play. Talked about a lot on Fly's blog:

Bought at 15.65

Stories:

http://seekingalpha.com/article/143167-natural-gas-the-next-big-thing

UPDATE 6/15/09: Still holding:

Update 6/16: holding, good technicals and good fundies.

UNG Breakout?

and the SPX:

Position Review

Down day today. I'm down about a buck fifty. Here are my positions and their trading ranges:

ABAT:

GLW:

XTXI:

ACAS:

CEP: