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Taking the lump and cashing my index shorts this morning. I thought we would selloff and then roll higher later on, but it looks like we will get the reverse of my expectations. No worries and no need to jeopardize all my gains on a theory that is not working right now. Surely the market …

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The other thing I did was cut my index longs back from 100% to 50%. Today was a good/great day, no need to risk anything. However, I do think we move higher, then not settle on those highs. There will likely be an opportunity to sell tomorrow and if its there in the morning with …

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First the bad: My trades today overall lost money. So out of the gate I’m into a bunch of stocks: BIIB, PRGN, FMD, BONT, JRJC, FCL, WNR, STLD, ATPG, XIDE, short QID, APWR. About 30minutes into the trading session and I’m up overall as FCL, WNR, BIIB, PRGN, and short QID start moving my way. …

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Took 30%ish or more on the ACI and BTU calls. Very nice 1 day bounce there. Still holding the CVX calls, but considering dumping those taking the small loss and being happy with the big gains in the coal stocks. Went short with QID and upped my index fund short position this morning. Just sold …

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RUT gave us longs 7.36% with the UWM giving out even more @ 7.73%. The NDX gave us 5% while the QLD gave out 4.78%. If you’re new to my site, I’ve been long since Friday. Today I trimmed back my index longs in the mutual funds (because the timing I have to trade them …

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