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I got out of nearly everything today except for 1 stock and that not stock isn’t anything special. Running for the exits? Not exactly. Just taking gains in the index longs, cutting the mediocre things, things that sucked (USO, FCX in and out), and taking gains in the things that rocked (C calls, AIG, DIS …

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I forgot that I didn’t post on Thursday, but I went long the indexes rather heavy at the close. Markets appear severely oversold and ready for a bounce. If for some chance we are down in the morning it will likely be a big intraday buying opportunity.

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Yesterday I said, “Looking to buy weakness today, but not this morning. Waiting to see if we end weaker at the close with kind of a blow down. If we do, I’m back in heavy.” This morning the market is up quite nicely right out of the gate on a strong retail number and some …

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I didn’t get to post yesterday, but I cashed my index longs at the close. The bounce didn’t really happen – it came close and downside was limited. Looking to buy weakness today, but not this morning. Waiting to see if we end weaker at the close with kind of a blow down. If we …

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SPX opened and is hanging right around the 1490 level…actually around 1485. Bears are going to try and short right at these levels. I’m thinking with the Ben/Kohn floor we break through it. I’m only 50% long now in the indexes and thats in the RUT only. I would like to be a buyer of …

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