Market Rallying Strong Glad I’m Long

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August 5, 2008

I laid out my trading plan last night and even last Friday. So far it was right on the money. Minor selloff into Fed meeting and now a rally post Fed. Ben Bernanke must be a fan of the Olympics because the market is rallying right into the torch ceremony. I kid. I joke. I think we are “possibly” going higher the rest of the week though. I love the breakouts that are broadly being seen (by me) on individual charts.

SNTS (Santarus) is now breaking out of its range on a good earnings report. I’ve been waiting on this mother to pop. This stock came from the “experimental junk” I’m testing out. PWAV is still going…geez.

I’m positioned heavy in the index long mutual funds and am loaded up on QLD and EWM. I added to my ABAT position today as well.

I also bought EJ this morning. Up about 4% right now on it.

Who told you Dell looked interesting before the move (SPF too)?




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