Long Heavy Into The Close

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April 23, 2009

I’m taking a shot here being heavy long. We are going to see the market cap off and do one more nice short squeeze. This will likely setup a nice reversal in the market over the next 3 weeks once they blow out shorts.

This time 30% SPX, 30% NDX, 40% RUT.

The stress test report tomorrow morning might hurt that idea or throw gasoline on my fire.

Sold SBLK and bought ANR

SPWRA doesn’t look so great post earnings and my charts turned to a sell, but I decided to hold on. Bad decision, nearly everytime I disobey I get punished.

spwracrap


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