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Two Ways: John Paulson Ups the Ante


Strengthen your portfolio in good times and bad.

Money Manager Discloses Holdings

Hedge fund manager John Paulson disclosed his holdings last night in a regulatory filing. According to Bloomberg, Paulson upped his bets on the banking sector with sizable purchases in Bank of America (BAC), making him the bank's fourth largest shareholder and BAC the fund's second largest holding next to the gold ETF (GLD). He also purchased 2 million shares of Goldman Sachs (GS) as well as 35 million shares in Regions Financial (RF). Although he decreased his holdings in the goldminers ETF (GDX), he added to his positions in South African gold producers Gold Fields (GFI) and AngloGold Ashanti (AU). Paulson is famous for his bet against the housing market. According to Institutional Investor's Alpha Magazine, he earned an estimated $2.5 billion last year.

From the Bull Pen: The theme from Pauslon's strategy is inflation. All stocks will likely benefit in this environment, but the ones with international exposure should perform the best. Weyerhaeuser Company (WY) is an option. In the short term, consider setting a sell stop below $35 support which is also its 20 day moving average.

From the Bear Cave: Fast moves come from false moves. Dollar bears can consider playing the dollar bearish fund (UDN); A sell stop can be set below $27.

Quick Check Around the World

Asian trading closed with the Hang Seng 2.08%, India 3.32%, Shanghai 0.89%, Nikkei 0.79%, and Taiwan 1.97%.

Across the pond, we see the FTSE 1.07%, CAC 1.01%, DAX 1.35%

As of 7:45 AM EST, S&P Futures are trading +11.00 to 1013.00 and Nasdaq futures are +17.00 to 1636.00.

A Look at Commodities

Over in commodities, crude oil is trading +1.31 to 71.47 while gold is +7.600 at 960.10 this morning. Silver is +0.465 to 15.05 and copper +9.600 to 291.95.

The dollar index is -0.2450 to 78.6550.

On the Radar


08:30 Export Price ex-ag
08:30 Import Price ex-oil
08:30 Initial Jobless Claims
08:30 Retail Sales 0.3% (cons.)
08:30 Retail Sales ex-auto 0.1 (cons.)
10:00 Business Inventories -0.9%

Click here for the full trading radar.

It looks as if you're not long, your wrong. But keep those stops in place. Good luck!
No positions in stocks mentioned.

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