Up and Away-So Far

JP Morgan reported and even though profits fell over 50% the stock and the finacials are indicating higher.Oil is off a buck and the $SPX is up about 15 handles. I have some UYG that I kept overnight and I will dump most or all of it on strength early on. I think the very easy money has been made in the financials, you just don’t get 20% moves everyday. You can still make money here, you just have to be more skillful. I will be watching the short term charts today for entries and sales, shorts and longs, as usual. I still have my eye on the energy patch today as potential short term shorting ideas. You know the names. I will be back with ideas and of course I will do my best to twitter some of my moves. Good luck guys.

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