Today’s follow through atop yesterday’s move atop last week’s move HIGHER is fueled by pure patriotism. As I type, the index futures are “giving it up” but I don’t care. You may in fact be hard up to find a bull who cares, because “the good stocks” are higher; stocks like Fords (sic), Cree, and Apple.
The long wick on XLF and all the jitters it produced have to this point been swept aside, and the financials are behaving rather constructive.
REITS are defying bearish setups, TLT is up, and so is our dollar. Keep in mind, our jungle informant, deep in the Forex bush, is expecting an ambush on the dollar soon. Always keep an open ear to Kong.
Pincus over at ZNGA decided he wants his net worth to appreciate, so he replaced himself. In perhaps the best decision of his life, he hijacked Microsoft’s head of Xbox, brilliant. I’m constructive on ZNGA henceforth, and will patiently tan my body and plan my entry. I will likely pepper myself in in 1/2s, 1/3s, or ¼’s due to the nature of ZNGA shares.
My only actions thus far have been tossing fish in the futures, making lunch monies, and scaling off some AAPL shares as we rocketed into the 33ema @ Jerry Garcia aka $420.
I still want SHLD, and I thought your bastards may have beat me to it, but here it comes, right to mama.
ANGI needs to go soon or it’s out, I want to keep my holdings to 12 and this one is, how do you say? Stalling.
As we enter afternoon trading, the question is, do the bears really want to be short into the kickass fourth of July? Cover your shares, or face a barrage of whirly birds, mortars, and wolf packs.
Bonus: What’s your favorite firework? Let me know in the comments below. I’m going shopping.Comments »