Cashed in the CPSL trade today. Normally I’d keep this sucker running, but apparently its a trader’s market now. You are probably hearing it all over the place. Take the gains while you got em. However, this type of market is likely to break into a trending market sometime soon. At least thats my bet. CPSL was good for more than 8% today. Wish it would trend though. Sykes is yapping to short it soon though so glad to have taken the poppage.

RUT closed up

I sold my CALM position today shortly after buying QCOR. I got out @ 41.22 for a loss of 6%+ I misstated the loss in the comments section of the post earlier today.

Bought: SOLF for an overnight trade. Lets see what happens tomorrow. Vectorvest states that the PE of SOLF is a whopping 3.19! I didn’t realize what a cheap growth stock this is. Karen Finerman should clue us in on why its not a value stock.

I’m still long the NDX and RUT.

Side note: How many Olympic divers during the Olympics used a Shamwow to dry off?

Thanks for reading

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