With the S&P 500 under 1109, which is the simple moving average discussed in the weekly summary, along with a market up for many days with very little volume, I am going to take some profits on positions. Many of the individual stocks are up in a straight line and now running into old highs. This actually is a nice place to short the S&P 500 (around 1109) with a stop loss over 1112 or so.
Both the smallish SPY March call position as well as TNA ETF have been sold completely.
Sold 60% of Atheros Communications (ATHR) as it reaches January highs...
Sold 50% of Skyworks Solutions (SWKS) which we bought on a breakout late last week in the $14.20s; had an upgrade this morning so we'll take advantage to lock in profits.
Sold 50% of Seagate Technologies (STX) - super strong chart but simply nowhere near any support
Sold 80% of Rackspace Holdings (RAX) - it has now rallied into heavy resistance; will monitor what it does for now but the prudent thing to do is sell and then re-assess.
Sold 30% of F5 Networks (FFIV) -
Long all individual stocks mentioned in fund; no personal position