The morning started out right and tight. I woke up late about 9:45, the overnight shorts started to work and I pressed my positions with SDS calls, SSO puts, IWM puts, TZA, and DTO/USO puts. Everything except the crude shorts were profitable when I cashed out around 10:30ish (BZQ, FAZ, etc). The crude related shorts [...]

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The market looks good here for further upside. Its going to be another breakout. A heart wrenching breakout that the bears will not be able to explain, understand, or believe. There will be questions. There is already an excuse for it. Oh yeh you have heard about it already. The senatorial election in Massachusetts. This [...]

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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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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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I made alot of swaps in favor of either higher beta or what I perceived as an imminent opportunity. I sold out of things like PTNR and SMED due to low movement. However, I’m considering getting back into SMED. I just like the business and with the healthcare bill a company like SMED is going [...]

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Intraday I use a 60 min chart for stuff I feel like trading intraday which could be for options or stocks. I use this with stocks that often have big intraday moves, options on 2x etf’s such as SSO, or options on highly liquid stocks like BAC and AIG.

With my daily chart I use the [...]

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The morning started out with a huge pop to my DE calls. Trimmed them back and took 65%.
Next BG was getting rolling and I checked my charts and I jumped in. I trimmed some of the position for 40% and held the rest.

GRO which was highlighted two days ago, very nice pop today

MBI – stuck [...]

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