New Core Positions

Long: Yen, Euro (maybe), Natural Gas (maybe)
Short: Stock Indexes, Bonds

Lately, there has been no almost no market movement. I have temporarily given up on any intra week trades due to no opportunity. I have identified a few core positions that I believe are cheap and expensive. I especially like the Yen long because of how cheap the yen looks. There is all this worthless news about the yen, and the media is completely overplaying the situation in the Yen (It is also very likely that the Yen will continue its long term deflation). My gut feel is to trade against the news at the time. For example, the WSJ came out saying "George Soros makes billions shorting Yen." Those profits have already been taken. Other than that, the Euro looks temporarily cheap, and Nat Gas looks fairly cheap. Bonds and stocks look more expensive, and I really like the Bond short trade as there has been some bullishness in Bonds in the last two weeks.