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Today I closed most of my Gold positions and will re-enter as soon as the market cools off for 1 or 2 days (IF). I moved the cash to positions in Cameco (CCJ:NYSE or CCO:TSX) and Ballard Power (BLDP:NYSE or BLD:TSX) and they’re are already showing some minor profit.

Here’s my current portfolio:

Ballard was up 7.7% and closed at the high of the day which is very bullish. Let’s see the follow up tomorrow. You can read my previous posts to find a more detailed analysis of the stock and my entry.

Cameco also closed above the 50dma. Looking good so far.

Now let’s see my bottom picking stocks, not really my style but thought these two can do well. Loblaws closed well for the day.

as for TD Bank, it closed just like I expected. I think it could drop some more before it recovers.

daily action on TD.

Given my profits on my recent trades I think I’ve started the year on the right foot. Now, it’s about executing with consistency and discipline. Good luck to you tomorrow.

Most of my positions went up today but the big help came from US Steel (X:NYSE).

Today I closed my position on Citicorp (C:NYSE) at break even, decided to move my funds to TIVO INc (TIVO) and the position is already profitable.

The USD fall is killing my profits slooowly as my broker converts my USD positions to CAD a the time of buying/selling. I have to think of some hedging mechanism to protect my positions from this fluctuations.

Here are some of the highlights:

The Dow Industrial (INDU) index advanced 98 points today, closing comfortably above the 50dma. This could be a sucker’s rally but I would start to get uncomfortable I was short on the index.

Daily View

30 mins run