Justa's Dive Bar

[chainik]

I think it is "buy the dips" for the next couple of months. SPX 900, maybe even higher. New ROBO P/C and insiders data still look good.

Short-term - hard to tell, too much joy. P/Cs are silly. Still I think S&P will stay above 740 (low confidence), and any move below 740 will be very short-lived (high confidence). I have some cash to buy on weakness, but no plans to short.

I'll continue trading RSX, EWT, and NatGas. Mother Russia has been very cooperative. NILSY is starting to work.

I am now bullish on gold, will try to accumulate miners. Missed a dip to GDX 30.

The only new idea is airlines. I'll buy again ALK AMR CAL if oil approaches $60. ALK is probably more conservative. AMR can double or triple easily, but can go to zero as well :)