New Trend??

He has taken a big hit since the mortgage crisis bet he won huge on !!

http://www.bloomberg.com/news/2013-03-11/paulson-said-to-explore-puerto-rico-as-home-with-low-tax.html

CELG Update

Well that one was a home run- still making new highs it hit $113 today.

In the meantime the calls are now up almost 200%

SDS

Playing some SDS $45 calls here as a flyer- @$1.35

not huge play

New Week

start of a new week and though we are over extended on the upside I am still banking on seeing new highs on the S&P. Traders don't car about the DOW because it is not a true reflection of the market so I am expecting the S&P to hit the new highs soon.
After that i would be looking at any exhaustive moves as a blow off top to spot some shorts but in the meantime I am long some CELG and ALTR here and nothing more in terms of stocks.

Folks we careful as the market is always trying to take from the 90% to distribute to the 10% so don't get caught up in what the 90% are saying but use that as a signal for caution.

Also watching AAPL to see if we make new lows after last week lows.

CELG

CELG Kicking butt- still holding here

AAPL

No love for AAPL- New year low again- sub 425 close would look terrible technically.

Interesting Fact

The last four weeks the S&P has ended at 1518,1520,1516 and 1518. We are in a tight coil with not much going on. I believe we break the coil next week and go upward.
Remember tuesday this week all the talking heads calling for a major pullback, personally I don't see it. Hard to buy here but I am not in the camp we retreat yet. I believe we will grind up till April.


Expecting new highs next week, though it will be in weak hands