These past two days have been raining gold for me. Lets hope I can carry this into the new year.

I was heavily long the past two days in the index funds in addition to the reg trades.
NDX did 1.6%, SPX 2.8%, and RUT 7%. I took these funds to cash at the close.

904-908 on the SPX is a major resistance band that we hit today. We will probably pullback in the early days of 2009 and setup a break of this band which will take us to possibly SPX 984-996.

Let review the trades I still have on the table:
-JRCC 9.74% & 11.9%, BG 9.24%, APWR 0% (bought today), CBI 0% (bought more today)

Positions sold today:
X 7.5%, DRYS 13.3%, SOL 29.1% (remaining shares), SOLF 10% (remaining shares)

Positions bought and sold today that I was proud of:
EGLE 12%, GNK 10%, shorting FXP 2.3%, CNX minor gain.

Great trades that I executed poorly because I went to IKEA to buy my kids a new Toy Bin:
-Short RAX @ 5.30 – covered @ 5.41 – RAX closed @ 5.34. Now I did get a buy signal in this stock, but it immediately went to a sell around 5.51. From there RAX dropped 10%.
-Long ATPG @ 5.64 – never a sell signal, yet I set a 1% stop because I had to leave the house and it got tripped.
-Sold TNA @ 33.31 for a gain of 9.8% – A trailing stop got hit that I put on due to my absconding.
-And the creme de la creme was DXO. I bought DXO @ 2.38 as I see a sweet 30 min setup brewing and a breakout about to happen, plus my other chart is green. I’m in BABY! Then that whole IKEA thing happens and I post that I want to trim my exposure. What a douche move. I’m at IKEA checking my stocks on my BB and I first 2.61 and I’m thinking shit! This toy bin is costing me a shitload of cash here. Then that POS DXO runs up and ticks 3 bucks or 26% intraday. Oil was quiet all morning and then I saw it before it happened and I decided that toy organization was more important than this trade. In actuality it probably will save me the stress of cleaning up toys, but man I could’ve bought many a piece of furniture at IKEA with that trade.

Now the charts…..

PS Happy New Year! Lets see if I timed this right.

Thanks for reading

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