Thursday, April 12, 2007

WOOF IS MAKING ITS MOVE AGAIN

Patience does pay off and it appears as if WOOF is going to return to another move upward. Just have a peek at the chart and go long.

UGI popped up on my sell list. (i.e. short the stock or buy puts)


FX TRADING:
BTW, my EUR/USD trade is holding up still. Across the board, the USD is getting hammered and I wish I hadn't closed out my short USD/CAD position a few days ago. My current profit on the EUR/USD pair is $4,500 on an original $2,000 investment. Bought at $1.3057 and currently $1.3507. A 500 pip move, but I have had $500 in interest payments since the USD has a higher interest rate than the EUR.

Good luck trading.
JD

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