Own: AAI, AMAT (Jan 14 calls), CHLN, CSR, CYBS, CZZ, ETFC, EXTR, GAME, HITK (reduced some), MNKD, NDAQ, NEP, PTNR, ROYL, SMED, TPI, TWER, VVUS (Jan 10 calls).

I reduced some HITK for two reasons. One up 17% and I was heavily weighted there. I’m also heavy weighted in MNKD and will trim back there also.

Sold today:
C calls for a loss. Like an ass I got wrapped up in last minute trades on Friday and didn’t check to see if my signal was relieved. It was. Instead of taking the gain on Friday – which IS the plan – I was stuck taking a loss today. That’s the breaks sometimes. Now C is setting up for a very nice buy again, on Friday, much better than the one I got in on. Think similar to my UNG trade two weeks ago. This is the low to buy.

Sold AIG calls this morning for loss, completely irrational and didn’t wait for the trade to develop. Weekly still on a buy, so AIG should move higher. Chart is of daily setup.
aig

Sold ECA on the pop off the XTO news. Something around 5.5% from Friday. Its rolling to a buy signal, but has lots of room left till Friday with that large gap.

Sold SCHW since its rolling to a sell. Took loss.

UCO took a small gain in that one. The oil picture looks a little unclear to me right now. Sometimes when things are oversold they can hang there and go even lower and this may be what is happening. However, it might not be. The edge is thin so I’m out.

Two items of interest:
Both FEED and CSUN are rolling back to buy signals again. I just sold both of these for loss last week. This is how it works though. Take the small losses, so you can capture the big wins. I’ll be buying both of those on Friday if signals hold.

New potential trades on the horizon:
MIPS, HANS, YUM, SONC, SBS, SNP, CBI, VIP, CBST, SMRT, MFA, ANH, DTG and more.

***Also am 100% long with the 2x index funds.

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