I’m long staying there until I have a reason to manage that long trade. It appears it could be close at hand though. One more week maybe. The sectors that I’m seeing get some fresh heat are:
Dry Bulk Shippers, Refiners, Insurance, Banks (big time), Alternative Energy, Gold/Miners, Cheap biotechs, China Internet stocks, and a few [...]

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In the next 1-3 days there will be enough movement in the market to cause a reason to take profits. This is where the index longs will payoff and where I will be cutting back. Gained back about 1.2% in the RUT 2x.
LEN overnight calls were great today with 85% and 64% gains in the [...]

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Woo, loving the way this market is acting lately.
I lost about 1% in the NDX today, but racked up gains in my individual trades which I will recap below.
I think the indexes are acting perfectly right into the jobs report. We have consolidated quite nicely and both the RUT and NDX both moved back to [...]

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-I sold my MIPS position today for 18%
-Sold another portion of my MS calls for 379% in the Jan 31s and 140% in the Jan 30s. I tweeted the incorrect gains on this trade.
-Added to TLB at 9.29
-Sold RDN slight gain
-Bought TBSI Feb 7.5 calls
-Sold my CQP today for 12.3%

-Sold some DPTR, however, that trade [...]

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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.

I [...]

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These are the type of gains I’m going to try and capture utilizing trends this year. Some will say the market of 2009 made these gains happen and they will be right. However, gains like this happen every year.

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The market is meandering until the new year starts. Plain and simple. We could be happy it didn’t sell off. I added to long index funds today.
ABAT is acting very well and I added to my position today.
Bought some RDN also.
PLM broke out today for 7%, and lets remember I sold it yesterday for breakeven. [...]

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