Basically everything I said in my last two posts holds true still for me. I cut my longs this morning completely in the indexes and got out with a “daily profit”, however, it was loss overall. I rebought the indexes and am looking for something else to sell into tomorrow.

Stocks that worked great today for me. RT (simply rocked), QCOR (however, sold today and replaced with VLO), BBY, UYG (but I sold it like a shmuck – something is up with the financials they are performing in this crappy tape), bought VLO. At some point the refiners stock prices are going to reflect the tremendous drop in oil prices and today they started to do that pricing. At some point I got start thinking about putting on a bullish 2x dollar trade. Its so obvious to me that trade is going higher and I have secondary exposure to it.

Thanks for reading

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