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Worked:

AMAT, VLO, not being in SJT or other oil related stuff. (Crude dropped to 101 today. I said it would trade to 100.)

INTC  – Moved nicely today.

Sucked:

YHOO calls expired worthless…no deal from MS to save me. 100% loss.

CREE – POPPED 9% today! F$CK! Guess what? I bought it back for a different account this morning when it was up 6% on the day. So I’m up 3% from the fresh trade.

HD – It was supposed to be on my stock list I posted last night, but I guess I forgot to put it on there. On of the dudes on Fast Money talked about HD tonight and I like it as well. I like the technical pattern in HD as well. Plus now they sell a No VOC Paint from the brand Freshaire it ties into my kitchen remodel trade. CREE for the lights, HD for the paint. Hey throw in Sears into the mix too SHLD, because thats where I bought my new appliances from.
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I really liked the trading action today. Normally we’ve haven’t been able to get an up close before the end of the week. Plus I’m feeling a little exhausted from all the volatility. Thats a good sign for a turn. Obviously I’m using more than that. I could talk about moving averages and rsi divergences and macd turns, but its too much to go into right now. Just know that if you combine all this information like something scooped up and slapped onto the cold granite inside a Cold Stone Creamery, mash it into a ball and you get a fundamental and technical character change for the market. That made no sense at all, but it had to be typed.

I went long the indexes “heavy” with my 2x funds and the UWM and QLD in my accounts. I’m expecting an upside break next week pushed by short covering and some heavy buying by the funds. Bear market rally here we come!

Happy good Friday, Easter, Purim, et all.

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