Boostin' Loose

All indexes have broken the fuck out. Of course it's important that we hold these levels into the close (hour plus yet to go) to confirm but I'm eyeing a lot of strength at the moment. I must say I'm a bit surprised that we made it there today. Shit, the Dow is up 300 plus. I said GODDAMN!

I've been a buyer today. Bought the TOL breakout (even though it makes me sick) and caught VLO breaking out of a triangle. Been a (short) seller too, of SSRI.

Watching the refiners closely. They've been destroyed with the rise in crude. With crude breaking down I'm looking for the bounce. I'm going to be a big buyer of TSO above $18, started nibbling this afternoon (perhaps prematurely).

Most exciting though, is that amidst all this strength I've managed to hold on to three of the four shorts I started the day with. Still short FRO (happily), PX (giving it some rope) and GIFI which is down a buck at the moment. I swear to God GIFI is something else, it seems to trade contrary to reality. The market gets killed (like yesterday) and it's strong and vice versa today.

Today's disappointment was ALCO. Waiting for the breakout but forgot to check it until about a half hour into the day. When I did it was up a buck and a half. Damn missed it, or so I thought. Later on in the afternoon it was up Five. FIVE! Wow.

The market can go ahead and close now. I'm pleased. Had a very, very nice day. Everything seemed to work.