Wednesday, July 07, 2010
The market is breaking above some resistance just now. As dull as I can possibly say this, I expect we'll begin hearing "summer rally" uttered often in the near future. How big a move, I never care to predict (leadership is live and that is my calling). And ultimately then, September will be looming.
Hence, I'm all for making it now, while one can and while long-only types still fear to play; coincident with still-decent charts supporting the leaders.
Total Position: Currently 3.47-to-1 net-long, 77% invested
Currently Long (according to size): NFLX (10.5%); CRM (10.1%); OIL (8.1%); EWS-Singapore (6.9%); TJX (added today, 5.7%); VMW (reloaded yesterday, 5.5%); LOGM (5.2%); SBUX (reloaded today, 5.1%); NETL (reloaded today, 3.8%)
Currently Short: QID-long (Nasdaq100 2x's-short, 11.7%)
Note: Inverse ETF currently weighted @1.6 x's
Futures: no current position
Follow Centrifugal to fade trades in real time.