Tuesday, May 26, 2009

Market Wrapup

Great day! The S&P looks like it is on a mission to blow through some headwinds and go way higher. I play both ways, long and short, and I tell you, this is not the market to short. Many bears believe we have a double top at 924 but my gut tells me we are going to blow through that, as money managers are waiting for a pullback, that is just not going to happen (it could but I doubt it). The futures this morning bounced off 875 once again, which shows amazing strength. For the day, the account was up about 4% and I am very bullish. SFE crushed numbers after the bell, so that should go higher. I added some small caps to the portfolio because I believe the small cap lotto will continue for a little longer (however, not too much longer). I also bought some SSO calls and shares, to put money on the line, with the RF prediction. Lastly, I will say that coffee is on some sort of drug, related to speed. Look at ddrx. I think it is safe to say that coffee will continue to run and investors will seek to find the next one. Get the research on and make some $$. I will try to be back later, see ya.

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