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Very good day today. It seems like the indexes want to go higher. Good breakouts. Got some AH, RAX and MEDH. Flat now...waiting and being picky now.

 

Ya good day today...and so far week. Stocks are really holding well today. I am also a day, swing trader.

 

Earlier today I sold 25 contracts of naked PUT 131 for SPY (expiry July 8th) for 15 and 16 cents.
Over 300K commitment.

 

ADI stood up well today. Making me think of buying more.

 

It is 9:22 ET now.

I will short S&P today (SPY ETF). Market is over extended. 157000 job does not justify the market to be high of the year considering high price of gas and all uncertainties. I will still keep my ADI.

 

Now we don't have any problem. We are living in a paradise. Look. Not even one bad news. No worry !!. Oil is claiming $100 again

 

Closed all my positions with a great profit . Sitting on cash now.

Time : 1:44 PM ET 7/7/11

 

8:58 AM on FRiday 7/8/11

It is awesome to start with cash today. I will monitor ADI and I will buy on selloff. I am looking to buying it at 39.50.

 

It is likely that SPY might gravitate towards 133. Now it is 133.82. Market is not open yet. Yesterday's high was about 136.7 !!

 

Doing the same thing that I planned. Buying ADI @ 39.50