The money I threw into the index longs yesterday was removed this morning for a decent gain. When the 3:55 started rolling around, I went back in with the cash I took off the table from the morning trade. I’m back into the NDX and RUT heavily. I’m not expecting fireworks tomorrow, but next week maybe upside breaks in the market will coincide with an oil drop and the US dollar strengthening. It will also mean an upside move in financials if this scenario plays out.

I went short the USO again with June 105 puts and sold STP today for a loss of 5%.

On another note nuclear stocks are turning up here. CCJ, URZ, USU, DNN

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• May 27, 2008 -- Bears! Don’t READ THIS POST

Thanks for reading

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