Afternoon Moves

The pelican room seems to be down momentarily, but for those that missed alert. I am out of TVIX here. The market refuses to quit led by financials and small caps. I feel sorry for short funds out there, because this will likely end bad for a few.

I will continue to hold a partial position in TZA, and will look for a better entry in TVIX.

As for a few of my positions:

We finally got the breakout we were looking for in $YPF. I took some off near 16.50, but still hold a position in the name. The volume pocket takes this thing much higher, and this is exactly the type of name that can catch momo. I will press my luck here with my remaining position.

ACI bounced perfectly on the important moving averages and looks great here, will hold.

ZNGA faded the majority of yesterday’s move and shows again why it’s important to always sell a little on strength (I did this time). Still hold partial. Also hold partials in NQ and SINA.

Not looking to add much here. Frankly, I’m content watching the bears get dismantled yet again.

#MOAR