MARKETS & TRADING

[Not_Bill_Oneil]

Thoughts on the market...

Lots to comment on, but, busy with our upcoming move.

So, quickly, the 9/6 and 9/7 distribution days fall off the radar at the close tomorrow giving the general market more breathing room on the next pullback.

I've loaded up on calls the past two weeks and today got into a little margin. This knowing I do have more trimming to do of pilot and smaller positions and will be selling those into any strength the next couple of days to get back off margin.

Even though I think this is just the beginning of a huge bull run, margin is reserved for only truely special and/or rare occasions/setups and sometimes bottoms(harder to do). And I sure missed the bottom opportunity this summer worrying about the 4-yr cycle, so not planning on using much here right now.

Preservation of capital is still rule #1.

If I see some beautiful chart in the coming month, and it warrants redistributing my funds I may put some margin to use then - only on the perfect setup(s). Even then still have to be cautious.