SPX Multi Color Break Out

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March 1, 2010

For the record:

These longs worked out. I cashed them though at the morning pricing around 10:45, and took my gains. It ended up being a better hold till 4pm. DIS calls went out at a profit, was looking to get back in, but waited. I was in and out with DGP, sold for a small loss, but went back in eod.

Market has broke out. How long it will last is anyone’s guess. For now swapping from a bearish bias last week to a bullish bias this week has paid off. I think we are going higher – for now. Likely to come from a dollar pull back and euro bounce.




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