All Time Highs

I sold out of AMZN, about 2 and a half weeks ago, right at the fucking bottom. Since then, the NASDAQ has slowly stair-stepped higher, now trading right back at ALL TIME HIGHS. I don’t expect it to keep ripping higher, unfettered, at a pace of 1% every day, but I do expect more gains. Then again, what do I know.

Consequently, I cleared out my speculation account, which consisted of nothing but COHR – to free up my account for some option trades. I don’t expect much activity, but I do want to be there when the market starts moving fast. A good day trading options can make my entire month, or year, and preparation is everything.

Next week, I expect more upside continuation from FB, NFLX, AMZN, GOOGL, and perhaps BABA, and will be watching them like a hawk. One well-timed directional bet will make it entirely worthwhile.

With the company account, I will be doing more of the same – adding to positions. In the near term, I hope to add to CAFD under $14.70, perhaps start a position in MAIN mid $39s, and maybe pick up some RDS if it can come in a little more.