NUGT

Stopped out -$1 per plan-
Gold not getting the bounce here with the S&P so strong

OH AAPL

Well that's why I DONT hold over earnings! I took my $28 profit on AAPL long and that's it bye bye. I didn't care if it ran to $1000 or not, the point is you got to play wisely.
Now AAPL is down almost 10% after market and I must say Cramer got this so WRONG again calling out AAPL to $750, I just knew that was the kiss of death just like his $1000 call on GOOG was, now all those who bought AAPL over $600 feeling alot of pain here geez-

Hit and run market here, though we are making new highs there is not much leadership and that tells me we are seeing the new phenomenon of ETF trading at work. Well tomorrow should be interesting to see what happens, I probably will only be around my system after lunch as I have a morning appointment but I would be looking at a gap down to buy for a bounce. Google needs to save the NASDAQ from a multi week downturn here.

AAPL

I will be out all AAPL (long from 485) before the close

Still working HIgher

Ok we have hit the first target of the 2012 HIGHS now what is next. I have been doing some work and I seem to be narrowing a zone targeting the 1525-1545 area. Do we stop there? No idea but if I was still long after hitting the 2012 HIGHS I would be scaling out of long positions into this area.

I am still holding NUGT long and a little AAPL.

I think we are stretched here so be very careful initiating new long here without a pullback.

Hedge Fund Averages for 2012

Hedge Fund business has been tough these last few years but last year was probably the worst year for performance with only an average gain of 2.86%.

2012 Highs Achieved!!! BINGO

Gap and go day yesterday as the market pushed higher most of the day.  We did pull in a little into the close, but it was still a positive session. Volume came up and breadth was Bullish, although it closed off its best levels.

The S&P 500 hit its 2012 highs target, but couldn't stay above that level into the close. This is cause for a little concern, but not too much until we see if there is responsive selling off that level.

For today, there are some key earnings on tap before the market open, so that will set the tone gap wise. It is OE day, so it may just be a sloppy trading day. As most know I don't execute trades on OE days.

Higher as Expected

15 minutes till the open and we are as expect from last week grinding higher. I would be taking off some longs here and looking for some resistance at S&P 1478 area.

AAPL- Taking some off above yesterday's high. Oh AAPL how I love and hate you lol