It may or may not be late in the game for this rally (brilliant!). And while I'm not going to fight the larger trend (certainly not in a January month), for the time being I'm not looking to invest in it either.
I'll keep a swing-trade approach for now.
Today's open then turned out to be a perfect exit-point for taking profits. And while I was selling with both hands at the open, I wish I had been selling with both feet as well. Regardless, I've lightened dramatically and I can do almost anything from here; as things develop.
...Or I can take time-out to drive to Mavericks and watch the market from my phone instead. Maverick's may see 40'+ waves by Wednesday; which seems more exciting than near-term prospects for trading; at least at the moment.
Total Position: 100% net-long, 16% invested (down from 57% at Friday's close)
Currently Long (according to size): CML (5.3%); CISG (4.3%); WATG; (3.8%); VIT (2.8%)
*See the Twittspitt for details on today's exit-sells
Currently Short: no current position
Futures Accounts: No current position
Mavericks photo by Frank Quirarte©; January 10, 2010
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