I am not sure when the euphoria ends, but I am going to take some profits in individual names - this seems like a blow off top but so have all the other moves that were questioned.

First is India's HDFC Bank (HDB) - we only have about a 1% allocation, but I am going to sell 90% of the position as it is up 23% in just over a week.

Sold half our BHP Billiton (BHP) - position was built in $68s and $65 over the past 10 days, now locking in.

Wyndham Worldwide (WYN) is actually breaking out beautifully so a technical trader's dream here, but I am going to let go of 33%.

I might be exiting those long index positions just entered soon as well as we have a small reversal developing...

EDIT 10:55 AM - sold index long positions entered this morning for losses as we broke 1098 on the S&P 500.  I went smaller than normal in both my calls and TNA exposure just because it has become far euphoric.  But still took some losses, will reassess ... need to see a close over S&P 1102 or so for bulls to continue the party.  This could just be a short term shake out, before we go right back up... its too tricky for me and I have no need to be playing around until the coast is clear.

Still working on selling (and typing) individual equities...

Sold half our Market Vectors Brazil Small Cap (BRF) which has surged in the past 6 days (notice a pattern? every asset in the world is correlated)  $41 to $47 before you can blink.

Selling 33% Las Vegas Sands (LVS) - no great technical reason other than big move in short time - from $13s to $17s in just over a week.

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