Friday, January 29, 2010


We sold out 50% of yesterday afternoon's purchases:

CENX ATPG TC CRK PCU NUE SU DO JRCC RGLD IAG PAAS. Looking for more upside with commodities leading for the first time in a while.

It looks like SPY 108 will be a short-term bottom.

Update: Taking profits and closing positions that are rallying into resistance. Sold TC in front of the 50 SMA, sold SU in front of the 200 SMA.

Update II: Can't feel warm and fuzzy with AAPL GS acting this badly. We sold the rest of all positions, flat in all accounts. The bulls should have taken the GDP numbers and ran with it -- if this is the best they can do we'll stand aside.