Being Short. The market took off today. All Dow indexes busted to all time highs. The R2K did as well (barely on a closing basis). The market is hot here and now I’m seeing some short term highly overbought signals, however, I’m cautious on respecting those signals here.

Edit: Forgot to mention that my Q puts got crushed today – 38% loss. I was going to hold on, but just didn’t feel like waiting. I’ll make up the loss.

ICOC – Popped higher today without me on board. I’m not complaining just saying. I think its going higher here. Far from overbought.

SMDI – My rebuy of SMDI is down 1%+

AAPL – Because most of my big money was going against the market today I tend to stay away from computer screen. I missed this as an options play. My charts showed this was a good upside play going into earnings.

TIVO – Pulling back still.

Yearly Portfolio – Not moving enough. Still have time till end of May, but it better start moving soon!

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