Markets Like White Elephants

As we sprint higher into the closing bell, we are getting ever so close to that significant 1220 level on the $SPX. I have highlighted that area ad nauseum because it represents the entrance gate to the zone of resistance from the failed rally in the summer of 2008.  There also seems to be a new air of optimism on the financial news networks, as well as in the non financial media and main street about the economy and the market. So, I would probably start to slowly begin the process of reducing longs.

As for my trading, I sold completely out of my $KLIC today on the 20% move higher, purely on selling discipline.  $CLNE and $DPZ are doing well, while $CSIQ is lagging, although still above its 20 day moving average.