Market Wrapup

Finally, a up day for RF. August has been horrible, I am down 15% on the month, worst month of the year. This is mainly due to losses in leveraged ETFs and loss of gains in EXM & FTK. ADSK earnings just came out, beat both on EPS and Rev but the conf call will be at 5pm, so I need to hear guidance. The firm makes Autocad software, and many emerging markets are purcahsing it for construction projects coming up. Valuation is a little tricky, I think near-term its worth $27 - bull case $30. Will hold it out. I really haven't done nothing else because I have no idea where this market is going. It feels like a sideways correction but value is tough to find because I feel like I am paying premium for everything at these levels. Majority of my holdings, i feel i can buy back cheaper, but am holding just incase we continue to my 1050 price target. I will look at buying HD and LOW on dips because these retails still have value. HD is loved by analysts but honestly, I like LOW better. I feel they have a better consumer appeal. I got too many damn holdings. This weekend, I will reevaluate and determine my next moves and segment my stuff out better. I need to narrow my attack, so I can finish year at 300% YTD (currently 244%) RF is out to enjoy fine dining, have good evening...