financials are leading

after I "upgraded" XLF at close of yesterday through comments in my last post and through twitter.

Due to R.S. on FAS, I am not allowed to sell FAS holdings. I have to either buy FAZ or sell covered calls or buy puts on financials if I want to lock profit.

I am watching it closely.
URE sucks today!

Sold all FAZ calls at $1.8

cost at $1.15, over +55% gain

Still holding all my advertised long positions, though they are pretty under water.

FoxSwing Real Time Trading index futures

07/08/09 12:26 Long one more ES U9 @867.25
07/02/09 12:43 Long ES U9 @ 897.50

07/02/09 12:43 Cover short @ 897.50
06/25/09 12:44 Short ES U9 @912.25

06/25/09 12:44 Cover Long @ 912.25
06/22/09 11:24 Long ES U9 @ 897.50

06/22/09 11:24 Cover short @ 897.50
06/19/09 14:44 Short ES U9 @913.50

06/19/09 14:44 Cover Long @913.50
06/15/09 11:20 Long ES U9 @918.50

06/15/09 11:20 Cover Short @918.50
06/09/09 14:24 Short ES U9 @939.50

06/09/09 14:24 Cover Long @939.50
06/08/09 12:44 Long ES U9 @924.75

Again, please don't confuse. We have two systems here:
FoxSwing: Trade SP index (ES) futures.
Pivot: Trade ETFs

Bot FAS $7.88

Hope this is a deal!

holding long positions into tomorrow

IYR 2% up today, is the winner among all the other sectors/industries. Market rallied from the morning low and ended in green.

Not bad for my URE long. Holding them as the Pivot Trend System suggests.