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Update on current positions

October 15, 2012

15 October

The short position in Apple (AAPL) makes progress. Having entered the position at $667.10, it shows $37 of profit. I will close one third of the position and move the stop loss to break even.


The position in National Bank of Greece (NBG) vs. S&P500 Index continues to make progress. The weekly chart is not overbought yet


The daily chart shows a divergence was formed on 08 October, which can be an excuse to take profit. The stop loss on the remaining part of the position is moved up to below the 24 September low.


On 25 September, some long term rotations against auto retail and in favour of utilities were shown. These have mostly gone sideways over the last few weeks and some of these long term rotations require final confirmation from a moving average crossover.

The example that has made most progress over the last few weeks (not shown last time) was O’Reilly Automotive (ORLY) v Edison International (EIX).


Here is Autozone (AZO) v Edison International (EIX), which was shown and also makes some progress.


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