Watching CNBC is great. This morning a gentleman who is extremely successful and has been for 15 years said no matter what the stock market is going up. Basically the economy will get better or the fed will print money until it gets better. The market was up big today. A mutual fund monday could be on the table. If we get a gap up i will short around 10:00am to fade the move. I will also buy more UUP and look at the january 2012 20 calls.
I am also looking CAT and AAPL a little closer. These are small positions for me i have been shorting in 25 share lots. My largest position is SLV short, VXX long, FCX short, and PF changs puts.
Take a look at SGG weekly chart. I am very tempted to open a large short position.
Friday, September 24, 2010
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