Condition Bear Market
S&P Target 970
Hedge XLE -2.97%

Position Date Return Days Call
BKI 5/31/2011 9.64% 110 Hold
CFI 6/22/2011 -0.04% 88 Hold
SE 6/27/2011 -1.74% 83 Hold
AWR 7/5/2011 -3.64% 45 Closed
CLH 7/6/2011 4.05% 74 Hold
GCI 7/14/2011 -26.01% 66 Buy
AGO 8/5/2011 -6.86% 44 Hold
DISH 8/10/2011 18.82% 39 Hold
GTAT 9/8/2011 -15.43% 10 Hold
NA NA NA NA NA

Mousetrap Return -2.36%
S&P Return -5.02%
Hedged Return -5.00%

Mousetrap Annualized -13.86%
S&P Annualized -29.53%
Hedge Annualized -29.38%

Annualized Advantage 15.67%
Hedged Advantage 0.15%

Not a free moment today, so I’ll keep it short.

GCI is still the buy and XLE is the standing hedge.

Any new hedges, however, would likely be in XLF (financials).

In international stocks, India and China have a much worse money flow configuration than Latin America (this is not a part of the Mousetrap selection process, though).

The market remains as a Bear with a target of 970 on the S&P. The rally toward the long term moving averages will likely not happen yet, as the market appears to be stalling here.

Should be an interesting week.

Tim