http://www.stockrake.com

Woo, loving the way this market is acting lately.

I lost about 1% in the NDX today, but racked up gains in my individual trades which I will recap below.
I think the indexes are acting perfectly right into the jobs report. We have consolidated quite nicely and both the RUT and NDX both moved back to short term daily buys on my charts. That leaves tomorrow to be possibly be slightly down to a test of 2291, but Friday will likely be a big move to the upside where I think we will see overbought indicators kick in.

The reason I think the indexes will go higher and likely COMPX 2325 or so, is because there is heavy momentum in individual stocks right now. That tells me there is some money flow going on. Not only that, but I’m seeing the financials JUST getting going. I’m still heavily long NDX and RUT.

Other notes:
-Sold the final bit of my Jan 31 MS calls for 570% gain.
-Rolled my Jan 30 MS calls forward to February as the chart is rolling into a fresh buy from being oversold.
-Took various double digit gains in ABAT
-Stayed with BZH despite the 11% drop today. I’m down about 5% on it.
-It looks like I sold my CQP a day early.
-Added to ROYL heavily here is why:

-Bought MIPS
-Sold FCS for breakeven
-Sold all DPTR for slight gains and it was a little mistake to sell the whole position.
-Sold TLB took 9%ish gains
-Sold LSCC position for breakeven or sl
-Bought LEN Feb 14,15 calls
-Bought PRGN late in the day, Here is why:

-Still own PBR, CZZ, FEED, BEAT, C, C calls, ZOLT calls, TBSI calls

Stocks looking good right here:

CIEN

BCS

Also, XLF, SLV, LIHR, GS, JPM, MS (which I’m long), PMCS, PTR and so many more I can’t list. The gold trade is back on, which means you play the currency ETFs as well. Joe Terranova mentioned it actually tonight on FM.