Well it was a wild ride for the Teakdoor portfolio today, at one point we were totally skint and about 4000$ under! This was due to the Ag stocks POT, MOS and MON finding new lows in their correction. Those stocks should now trade sideways for a few days before they move on up and find new highs.
Late in the day a huge rally in the financial sector triggered by comments from Morgan Stanleys Jamie Dimon at the FTIC mortgage conference sent the indexes back into positive territory.
Commodities took another spanking today with copper off 3.8% which means our FCX position lost us about a 900$ today
Oil dropped over 5$ to close at 135.95, that cost us a big chunk of profit in the Ag stocks because they move in sympathy of oil.
Heres the numbers, not a bad day in the end, now we're up 5248$
