Slim bull pickin's

From what I have in my watchlists, the pickin's for bulls are really slim / far too risky. I guess that's apparent considering we have about two weeks of pure uptrend. Bears on the other hand, are looking like a dime a dozen. There's a lot of channel setups, with the price sitting at the very top of it for some pretty easy risk:reward ratios. Though I'm still waiting for confirmation on anything before I dive back in. Short entry for me today, had a leg day workout at the gym and my brain is fried! 

Oh ya- don't forget to set your clocks if you didn't!

Bears - CNQ KO CXW GNK MTU USO UNH EXC

Bulls - CTRP MRVL VPRT

Sold off into strength

Yesterday and today's early markets dropped, and recovered towards the end of the day. To me thats a bit of indecision in the market, along with the S&P closing lower today. When you aren't sure, cash is king! I ended up selling off a few positions that closed on indecision. The notable ones were LVS and YUM. I'm still long in BBT and WLP, and my put on AEM recovered half the loss of yesterday, today. With the rain coming down this weekend, it doesn't look too eventful outdoors for me :<. I'll have market updates and watchlists up before Monday!

Have a good weekend!

Light Volume, Bulls say No Prob!

The volume lately has been getting slightly lower day by day as well as the RSI / McClellan, yet the prices still keep rising! Now I'm not saying that's a bad thing. If you're long, you probably aren't complaining either since we're all just stacking chips. Just be aware that eventually, its gotta come back down, and hopefully we all aren't too deep in position when it comes.

There was a slight scare early this morning for me though. First 30 minutes of opening bell, DJ dropped to about 10,505 or so. The hour before closing, DJ jumped 50 points and well the day ended well cause my portfolio went positive.

Anyway, I didn't enter any new positions today, but I didnt close any either, including the AEM that I bought puts on yesterday. GOOG and BIDU seem to be rising nicely, though the censoring decision can change everything. GE is mid-stride of an ascending triangle and closing on a doji today. QQQQ is continuing its breakout today, though on less than favorable volume. POT is down 1% on 50% volume during trading hours, but if you check right now- they are up 7.2% on after hours trading. +8.56 on about 71k volume. Might want to keep an eye on where thats going tomorrow.

AIG jumps, TM recalls.

Quick little update for the night. AIG stacks it tall today going over 12%, TM says future recalls for the Prius, and if thats anything like the pedal recall, should be another downfall there.

LVS had its full breakout today, with a slight pullback toward late in the day, which was one of my pattern setups from yesterday. TOL also broke out of its symmetrical triangle with good volume to support. RYL has at its resist currently, and is rising aggressively with just about average volume. YUM took a giant jump up on alittle over 2x volume.

I'd keep my eye on RYL tomorrow to see what happens with opening and if it breaks the resist, but there were a good amount of breakouts today on low volume.

See y'all at opening bell tomorrow!

PS- FF13 is out :D

Quick spike on VLO

Today, I entered VLO at around the $19 mark. It broke through the symmetrical triangle early today with a slight above average volume. With the markets going crazy, I'm not holding many positions. The market seems like it should be setting up for a bit of a correction. So until I get some kind of bearish move I'll be limiting how many bullish positions I'd be getting in to.