LONGS

Here are a few interesting stocks that look higher

CTRP
MGAM
VECO

Update

The market continues to grind here.  Its stretched away from its mean, and it is starting to look more and more tired up here.  This can continue longer than you expect, but its important NOT to get caught flat footed and completely complacent here.

1640

Well that didn't find any resistance!!!! Oh well

My only stock position is VNO which I am long @ $87.

we had a small buy signal at end of day yesterday I would would not be trying to short today if you are a short term trader though i believe a blow off top is coming.

Biotechs still going higher

Biotechs are still going higher- I guess I came out of IBB AND CELG too soon. Got to watch rotations and see which sector is next

1640

1640 on the S&P is a number i am watching to start dipping into some puts slowly on the NQ and S&P. I think we are getting exhausted up here and need a rest so a pullback of about 35-50 point would be in the cards if we are. Taking a less trades is more approach here as I see some rotation going in the general markets.

S&P 1900

laszlo birinyi the known market reseacher is predicting 1900 on the S&P by years end. The bulls are definitely in control and i have been doing some ready and found out that really ultra high net worth folks are not in the market and if they do could push us higher.
We have to wait for the signals and see what happens. One thing is for sure the market won't fall far as long as the FED is pumping us afloat.

Thanks FED

Over 1600

Ok finally the 1600 are here- Job number were better than expected and unemployment numbers lowest since 2008. I guess today is the day the bears might be in severe pain, let's see if they capitulate

May and Markets

Today is FOMC day so I wont be watching the markets as usual. Volume usually tapper off after the first hour on FOMC days so difficult to do anything till after announcement.

Finally the Nasdaq has tagged its 2012 highs. So all major indices have hit or surpassed their 2012 highs which now put me on hold for any new longs to be initiated. More than likely we hit 1600 on the S&P because it is so close but I would be definitely be cautious since we are not in the "Sell in May and go away" time frame.

In the mean time, let's see how volume shakes out after FOMC and play smaller size on plays if you do.