http://www.stockrake.com

The market looks good here for further upside. Its going to be another breakout. A heart wrenching breakout that the bears will not be able to explain, understand, or believe. There will be questions. There is already an excuse for it. Oh yeh you have heard about it already. The senatorial election in Massachusetts. This is an excuse for what the market is going to do anyways.

Ok so the trades from Friday, MELI, ANF, IGT, MOT, and T overall worked. Individually I sold out of IGT early in the session and took a loss realizing it was an impulse buy, even though its still a good setup. I just rethought things and decided no – I don’t want it. ANF as the session opened I could see, and still maybe wrong on this, that the stock is setting up for next week not this week. I sold these both trades for loss.

MELI had a decent day up 9% on the bounce. Still holding. I ended up selling a portion early in the morning.
T had a nice day, but the options are blah so far at 6% gain.
MOT which I’m anticipating to have a huge up move any day now based on how stretched it got to the downside, had a mediocre day getting my calls nearly back to even from the buy. I expect good things as long as I stay the course and not leave signals early.
VZ – best of the bunch. Up 26%.

I’m long everything mentioned, plus NDX and RUT 2x funds. In addition to that, I’m long BCS, AGO, T, TBSI, C and C calls.