Over Trading

Had a friend ask me about going long on monday from the pull back. I would not reccommend that here. This year is going to be a hard year to make money. Here are my favorite plays for 2010.

Long TLT
Long UUP

Short AAPL ( after earnings)
Short GOOG ( after earnings)

Long selective small caps or casino stocks.
Long Robotic companies also
Latin America
Veitnam through VNM

I also think GOLD will be buy ,but it needs to pull back some more. I opened a small GLD short position on Thursday and didn't share it with the blog because it was a gamble. Now i think any bounce in GLD should be shorted.

Remember you don't always have to be doing something. I sure would have made a lot more money this year with out shorting TBT and SHLD. Two really bad trades. In addition i have been pressing this bull market instead of going with the trend and have need stopped out 4 times going short. Currently i do have some long dated put options on the SPY, some VXX, 30% of my money is in TLT, also a very small position in BGZ.

My current swing trades are: Long AAPL, Long UUP, Short MON, Short UPS.