http://www.stockrake.com

Like I said yesterday I loaded up the longs. 100% in fact in the SPX and RUT and I sold it all at the 10:45 price. Netting roughly 2+% in each index vs the EOD price which was around 1% avg

The SPX hit a new closing high by a meager .15 cents Hahaha.

I rolled my cash back into a SPX long as my theory is this week’s constructive chart action will not get destroyed tomorrow. In fact, I’m looking for a surprising ridiculous looking break out. After that break out I’m looking to sell it.

I’m looking for a VIX spike DOWN and a VXN spike DOWN coupled with this blow off pop in the market. Everything will likely be overbought tomorrow, if my theory proves right.

If SPX breaks above 952 again, it will be gangbusters to 971 and every bear who has been holding their shlong through this move will have to cover. They will make it impossible to hold a short over the weekend if you have been short. OF COURSE….I could be wrong.

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