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I’m really getting tired of this tape. If you are not in some obscure stock than, you are likely seeing these intraday moves and they have to be tough to trade. I did a lot of trades today, too many to recap. My best trade was simply being long the RUT and NDX in the leveraged funds from yesterday’s close. Those trades were good for 3% and 1.5%. As far as the stocks go, it seems necessary to tighten up expectations. The market isn’t driving in one direction or another in a large manner. It makes a 2% run then it will pull back 1%, then back to 2%, then down 1.5%. This type of tape does nobody any good except the brokers.

I trimmed my index longs by half at the close, but I am also long TNA and URE at the close today as well as a small position in XOMA and OPTR.

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