Most of my holdings are in these 2 ETFs

I said I would be light
going into the West Coast swing and got back in yesterday and fell flat. I
lost nothing but gained nothing either. I closed flat. The market moved. I
am short JNPR and that ought to work this morning. So as silly as I was
listening to all the reasons to get back in and following that the right
move to have made yesterday was to do nothing and let my gain be. I will
give some of the big gain already made back to the mystic market makers and
the effort will likely cost me a half a point. I will come back on January
23^rd and assess the action and go for the gusto using indexes. I
refuse to be greedy right now. Right now it is consistent performance that I
intend to deliver month after month after month and although I will be out
of the market for the next two weeks I will continue to examine stocks that
I am angling toward in February. There are a whole host of them and they
will be reigned in and there extended condition adjusted. It has nothing to
do with being over valued. That is not really what an extended stock is. An
extended stock is a stock that trades way beyond its 200 and 50 day moving
average. There are many extended stocks that I am focused on that I am
presently out of right now and intend to come back to at lower price points.

Right now in the wee hours
of the morning when regular folks like you are fast asleep, people like me,
passionately burn the post mid night oil to get a leg up. I get a leg up for
me. The early bird catches the worm as they say. I am an early bird and I am
after the worm. I have an Eagle by my side and watching my back as I move
toward that worm at a hard angle and attempt to scoop it in. That is what I
am all about these days. It’s about the ability to catch the worm. You got
to get up pretty early in the morning to experience that action. Futures are
down and I got back in yesterday in mostly indexes and a few stocks. One
short. I will get into it right now and examine the move. Right now futures
are down. Japan, which I did not buy, is getting hammered. Profit taking no
doubt. Japan is firmly entrenched in a bull market that is secular. Japan is
in a secular bull market. So get with it. The pullback is natural and big
moves are par for the course. Europe is down across the board. Gold and oil
are hot items and great long-term investments and you could be certain that
I will come back to the basket of metals sold recently. Futures are down and
markets across the globe are down and the rally is over.

I am getting out today and
going away with my 7% return for the month of January and let the market go
to hell. I am not brave enough to go short and be so nakedly short. I will
not be naked and ashamed. I refuse to give in to the temptation of scoring a
brilliant win. In other words I am not going to get greedy right now and the
year just began and I am leading to the tune of 7% so I am getting out in
stages. It begins this morning with the stocks that I got into. The indexes
will be sold in pieces through the day. That is what my intention is this
morning at 4am. It could all change in over 5 hours.

Biogen

(
BIIB |
Quote |
Chart |
News |
PowerRating) 47.55

Remember the distinction
about trading and picking. Trading and picking are not one and the same.
BIIB is a good pick. It may be a lousy short-term trade. In a rising market
it takes off. The long-term chart offers a clue. So BIIB is a stock that I
got back into and will likely sell today and get back into when I return in
January or most likely on the first trading day in February. That all
depends what the chart looks alike at that time. Right now it trades good to
go on all cylinders and may come in a couple a points providing a good
chance to scoop up the shares. Place the stop at 43.75 for a swing.

3
COM

(
COMS |
Quote |
Chart |
News |
PowerRating) 4.10

The stock managed to cross 4
again and I give it the benefit of the doubt so I took a postion in cause I
never stop watching it and it is liquid enough to provide a good trade. It
is a lousy pick. A good trade. Need just 10 cents and I am happy. May not
get that. I will ease out of it during the course of the day. I am only
after “A” ideas. COMS is a “B” idea but a promising trade if it has the
buying power to cross 4.30. That happening would strengthen the bullish
cause and send the send higher. Perhaps 5 are in the cards and a paid price
at 4 equals 20%. So is that good enough? I say yes it is and that is the
reason to play this one. Place the stop if it is swing you are after at
3.69.

Electronics Data Systems

(
EDS |
Quote |
Chart |
News |
PowerRating) 25.05

I caught it on the break. It
broke out yesterday and is a great long-term investment that I will likely
keep. It can’t hurt me because I stuck a toe in and have perhaps 10% of what
I really want out of it. This one could be big. You are not chasing here. It
is up 4.20% this year keeping pace with the market and up 15% over the last
52 weeks. Better pacing then the market. It is ready to take off right now.
It is ready to begin a serious advance and if it rises above 25.50 then buy
it aggressively. Don’t hesitate. This is a timely issue that is why I bought
it yesterday. It could come in as the market does but if it is able to hang
near the 25 zone then hit it hard near the end of the month. Stop the
trading loss at 23.75.

Corning Inc.

(
GLW |
Quote |
Chart |
News |
PowerRating) 22.55

Now here is a break out. Had
to buy it. Will buy more coming in. It always comes in. Short term hot. The
market may cool and so may GLW so buy it coming in to 21. Right now stick a
toe in. Today is a good day to begin the process. The market is taking a
break. I will likely reduce my position to bear bones. Just keep a token in
the best of the best for now. Place the stop under 20.

EMCORE

(
EMKR |
Quote |
Chart |
News |
PowerRating) 8.60

Now it trades at 8.50. It is
the first choice this year so I had to buy it back cause it is trading like
a champ. Yes it is extended and ought to be bought hard at a better price.
If the market comes in and EMKR cools to 7.50 then jump on it. That could
happen. It is a leader. No question about that. EMKR is one of the top
performing stocks on NASDAQ. Check out what I am saying and gaze at the
chart for a few and notice the extended condition. I bought it yesterday
cause it is going higher if the rally persists. I will sell it for now and
come back to it at a lower price. Right now it is extended and the play is
for a quick trade. Buy in the 7.50 zone and stop the loss at 6.49

Juniper Networks

(
JNPR |
Quote |
Chart |
News |
PowerRating) 21.04

I had a flat day yesterday
because I lost money in the short sell in JNPR. I would have had a plus day
if not for that. The stock rose at the end of the day as it finally got into
the rhythm of the market and fell into line. It still closed down over a
point on the day and spent most of the day under 21 a share and it is likely
to fall below 21 a share today. It is a solid short. I will short more under
20. Hit it hard if it falls under 20 and the way it is trending the odds
favor that happening. Sell JNPR short under 21 and add to it under 20. Place
the stop at 23.51.

The
bulk of the positions are in the SPY and QQQQ. Mostly SPY. I will be lighter
then light by Thursday afternoon at the close. I will be very light into the
week. What I seek is consistent performance. Nothing would satisfy me more
then to generate a 5% return per month consistently. Now I am up 7.5% for
the month so far and I am not willing to give that up. I prefer to wait till
February to get back in and go for another 5%. Now it is time for the most
favorite part of the day. Time for a warm cup of special blend that requires
a lemon wedge and a half a finger of honey. And if you never experienced it
then try a sliver of pure sea salt gently sprinkled on a chunk of rich dark
Belgian chocolate and go to heaven. In a couple of days I am off to the
greatest place on earth. The Russian room in the bathhouse on 10^th
street. In the East Village. The spiritual capital of the cosmos.