2013 Style #SassyMusings 6/5/14

• For the last couple weeks I have expressed that the market felt very much like 2013 and that I was bullish. Today confirmed that.
• If you were long, you were paid! Now things will probably get more difficult at least while some of these gains digest. However, for now I still think we have amazing set-ups for swings and short term big moves are still going to happen.
• I caught AMZN today when it was trading around 310. That was SWEEEEEET!
• Booked more gains on swing longs and still holding some longs.
• As I mentioned earlier this week, keep your eyes on finacials. They weren’t leading for a while, but for right now they have been a good gauge.
• Check out WDC, ABBV and HAL. I’m already long them as swing positions, but still think there is more to come.
• Jobs market the next catalyst. Once again, I will stay with the path of least resistance which is up. I like the IWM for a little catch up, but really not concentrating on the indexes much. There are so many stocks working and still so many great set-ups that have enormous potential this summer.
• When the trend changes, I will shift.
• Chart of the Day: Sick candle! Guess we now know which direction it went in (reference from yesterday’s post)
• Tweet of the day: None – which is surprising because it’s days like today that everyone is giddy. Perhaps this time there are just too many people caught on the wrong side, which again makes this market that much more bullish.
• Regret of the day: None
• Days like today I need to remind myself that I am not a genius and to keep myself in check. So here I am reminding myself.
• Still not a lot of love, which is nice to see as a bull. 

If you are looking for more ideas, as well as commentary, open interest, and set-ups on all the high beta (more fun) stocks consider subscribing.

Have a great day. Go Kings (yes I live in NYC, but I’m from LA).