Good Day And No Reason To Doubt This Up Market

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January 4, 2010

I’m not seeing anything to doubt the upness of this market.

Today was nice as I got paid for buying the Jan 30,31 MS calls. I talked about this pattern that was setting up in C and mentioned the same pattern was in MS. I sold half my positions in both Jan 30 and Jan 31s.
ms

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I remained long the indexes at the close, capturing 4.7% in the 2x RUT, and about 3% in the 2x NDX.

All other holdings had great days as well. Check previous post for what I own. C is lagging, I’m giving it 2 weeks – this Friday and next for something to happen. If its still lagging, then I will cut back.


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