Flip a coin

Some nice data this morning with respect to the PPI and retail sales, both which came in above estimates. This could bode well for the markets IF the hesitation of profit taking is shrugged off. The cards seem set perfectly to reach a 2 year high of the markets by Friday, which aligns with our plans for TCK. However, the danger is a breakdown and sell off if the momentum fails and the profit taking kicks into overdrive. Previous patterns have been up big at the open followed by a quick step down then progressive slow drop the rest of the day, it may be better to open lower/unchanged and build over the day.

HRBN has had a nice little run recently; its still to scary for me however, JNJ continues to hemorrhage, and should be due for a turn soon- its too good a stock to continue in this pattern. Finally ANR has continued to disappoint me neither really dropping nor going up- its in a holding pattern and I will hold and watch to see which way it goes. DGIT has had some pops but can't seem to break the 30 ceiling but I did sell a couple covered calls the other day at $.35 (DEC 30) pick up some free dividends as it were. Still holding the TCK options but on a nice move today I'm out at 8.5- just ran out of patience =)