Sold CSX

Sold CSX @ 47.50.

The 1Y Daily chart looks like it has rounded off up top, I don't see it going much higher.

Holdings at the start of this blog...

I figured I should post what positions I'm already in at this point, where I got in, and what direction I entered.  (By the way I trade through Thinkorswim platform)

• Longs:
• CLNE
• CSX
• DPS
• M
• TRC
• Shorts:
• GS

I'm going to speak of GS in particular.  Shorted GS on account of the bad rap they've been getting recently; the Greece currency swaps primarily.  I also drew out a pretty interesting chart, by the looks of it the channel and trend lines intercept vertex is approaching which could prove to be a vital point.  THIS LOOKS VERY SIMILAR TO MID 2007. The triangle they form is giving me further reason to believe this is going to drop.  If GS passes 165 within the next two weeks then I am probably wrong.

We will see.

-Krames