1 More Up Day and I’m Out

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May 28, 2012

Potential longs – Lotta crap, some biotech, lots of small/micros.

Potential shorts – Bigger cap stocks, apartment reits.

I’m long the COMPX and RUT via leveraged funds for 1 more up day, which by looking the futures could come tomorrow. At that point I want to reassess what I think the market is going to do next. I might even be out at the morning trade time.