2011-07-20th (Wed)

At the end of the previous trading session I had the following positions;
Long 300,000 USDJPY with ACB of 79.438
Long 300,000 USDCAD with ACB of 0.95915

In today's trading session US markets failed to rally on yesterday's positive earnings.

We should expect markets to continue flip-flopping on each piece of news.

Article - "Stocks dip after biggest day in a year - Concerns about raising the debt limit overshadow stronger earnings and merger news"
http://finance.yahoo.com/news/Stocks-dip-after-biggest-day-apf-2370212205.html?x=0&sec=topStories&pos=7&asset=&ccode=

Our highest risk speculative portfolio continues to decline in equity value as the US Dollar weakened against the CAD and JPY.

Our Stakeholders agreed to maintain our postions until August 2nd.

Currently I have the following positions;
Long 300,000 USDJPY with ACB of 79.438
Long 300,000 USDCAD with ACB of 0.95915

USDJPY is currently 78.691 (2011-07-21, 00:05 am EST)
USDCAD is currently 0.94632 (2011-07-21, 00:05 am EST)

Our first line of credit was activated on 2011-06-16th (Thurs) and our second line of credit was activated on 2011-06-29th (Wed).

Total equity is 5% of June 1st and we are committed to trade ourselves back to our High Water Mark.

Stay Tuned,

Jeff
(2011-07-21, 00:06 am EST)