AMZN: Sold @ 41.14

We need to break 850 on S&P, it looks like that area will be tough to bust. I will likely wait for the last hour before placing any more trades.

It just feels like we could roll over from here.

After the day we had yesterday, I find myself wanting to go long something, anything. I decided to go with one of Uncle Howard’s plays, AMZN. I believe this rally will hold for today, no way we go in a straight line back to the lows.

My long C, short LM seems to be working just fine, and I will continue to watch the banks for a tell on the market.

I bet Tim Sykes is having a filed day the last few weeks. I’m noticing many penny stocks exploding, some over 200%. The PPT has been all over XING, just take a look at that one the last few days. How about FRZ, ready ice, up over 30% today.

This continues to be a traders market, just make sure you don’t overstay your welcome.

Taking profits here, I hate holding ETFs.

It only makes sense that a bank called Bank of America trades lower. You would think my LM short could gain traction here. Anyway, I’m still long C, still short LM, & loaded up with BGZ. I have a few other long term longs, but nothing serious.

I’ll continue to watch this tape closely, the day is still young, anything could happen. The way the market’s been, I would not be surprised to see us close in the green, but I wouldn’t bet on it.

Note: Continue to watch the banks for signs (C & BAC)

I’m 3X ready for the pullback on Monday.

Inverse head & shoulders setting up on the DOW, it’s possible we could still see higher levels. But, at the same time that area acts as resistance.

Just something to look out for: