I Love the Bulls...
Thank you Uncle Ben!! I mentioned yesterday it could be a profitable day and boy was it, fantastic. If you saw my PETS or LSTR call yesterday, cha-ching, 5.7% or 1.5% gains, respectively. Other stocks did better, some worse, but I'll take it. RHI and CNCT performed similarly, 1.18% and 3.79%. Tempting to take profits tomorrow given the market, we'll see. I try to keep to my targets, but I am not afraid of taking partial profits, I'm not scared of money. Are you?
In all honesty, I don't expect this rally to last. I expect to see some gains through the end of week, possibly through the end of next depending on the earnings forth coming. After earnings, the market will be back looking at inflation data and its a 50:50 gamble. I'll take the upside now and possibly pull out after earnings. Next week could be interesting as a bulk of earnings come out. Tomorrow is SHW and LSTR for me...
As for future trades, the tcl/tk script returned a whopping 260 charts, mostly bullish engulfs, which is expected given today's market action. Again, given I'm fully invested and horribly busy, I'm not going to go through them this morning. Sorry...
'Til tomorrow,
Masterjaz out


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