I took off my pair trade in UPS/FDX. I took my profit on the long side in UPS, exactly where my previous post showed. I am still short FDX though, but it is on a tight leash. Any move above last weeks high and I will probably cover. All in all the pair trade is profitable as of the close on Friday. If FDX continues to move lower then it will be even sweeter.
I also took off my pair trade in NVLS/XLNX. I took my profit on NVLS and I am still short XLNX.
A few other observations or stocks to take notice of. I normally have a core holding in TEVA but I sold when it went above $60 and its killing me. I always harp about what a great stock TEVA is (check previous posts) technically and fundamentally and I took myself completely out of it. Also another stock of note is CELG I will be looking to get back in to that on any good weakness.
Watching and waiting, FFIV, BCSI, RVBD, TCK, OTEX, LLL, HSP.
Current positions,
Short- XLNX, ALTR, ASML, GG, IWM, KSU, FDX.
LONG- DB, UUP, C
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