The Wrap 1/30/12

{+++}They took the market down hard at the open and then rallied it higher. The morning gap down gave me an opportunity to cover some shorts and when the bears couldn’t kill it, the market held some support, then  rallied as the dollar weakened.

I covered the majority of the shorts today with the exception of C,  ( a new name), and 2/3 FAZ.

Keep your eyes on the P&L names that haven’t triggered yet. Also, a name that looks interesting from the long side is HGSI on a breakout through 10.68.

It was a very active day, so PLEASE check the P&L for any adjustments. Have a great night and I will see you in the morning. Maybe Mr. Bull can keep this going for a little bit longer.

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