Markets Rally On Heavier Volume; SP 600 Keeps Making All-Time Highs

Stocks rose across the board today, on higher volume than the day before, led by the Semiconductor Indexes 2.9% gain. The SP 600 closed at its HOD up 1.6%, making all-time highs. The Russell 2k also made all time highs finishing up 1.56%. Breadth was more than 2 to 1 positive.

All of this would be surprising to the normal person who reads the NY Times and watches CNN. If he read that newspaper and watched that channel, he would have thought the market was going to crash with all the geopolitical problems and scandals going on. That could have kept him out of the market. However, if you let facts be your guide you would have had made a lot of money by buying stocks since October.

I know that we could roll over. But I doubt that is going to happen. There are just too many good chart setups out there and the perfect short setups I did take completely backfired on me. This is the type of market where pullbacks are bought not shorted.

The bears are obviously wrong here and could be forced to cover their shorts, if the market keeps rising. A lot of people are surprised by this strength and that could help bid stocks up as people try to get invested.

If there were any stocks that made bigger than normal one day gains for you the past two days I would take some profits to raise some cash for the new longs that may pop up.

I had more written here but stupid blogspot doesn't have an "undo" button. So after my stupid mistake of highlighting three paragraphs and erasing them (instead of ONE word) I am too scatter brained to remember what the heck I wrote.

New Swing Longs: AEY SCUR CUP RUTH LOOK CDE NKTR MDG HAR

New Swing Shorts: NONE

Longs Outperforming Market: LIFC OXPS-82% ASVI-27% GRS-59% DIET-40% EMAG CRED-25% KEYS ASTE AIX KEX CIB-37% MFLX-162% BBD-130% ERS-85% RES-161% CRDN-61% RAIL-43% TRAD-67% MSCC-67% NVDA-51% NTG ARS-29% SEAB RATE-120% ENER-25% LCAV PRPX DB CHE HOMS-26% MNG-91% GOL-58% ITRN AU-32% DXPE PETS-136% STMP FFIV PKE VTS GES-63% STX MNST-25% SCHK BNT-57% TOMO CBG-70% NNDS SAY MORN MDCC BOOM-395% GMXR-206% JBL SF NEM IDSY VSEC-30% TESOF ASF-141% CLZR TMI THOR-82% NGPS ORA-51% ROK IHS-26% KNXA VLG RVSN-25% NWRE-72% CTXS SPWR-29% VIMC FWLT-57% WBMD UDRL SMDI-36% KLIC NDAQ-306% MSPD MMUS ANX-45% ASGN-96% CLG-53% CNXT-56% GRZ RBAK-108% AUY-70% RDCM JDSU-31% SNPS ATHR-32% EFJI LRCX-34% GLNG SNTO BGC-34% COGO Q-33% EDS CERS-212% NTO-31% ZEUS-47% STEL STD DA ADLR MRB-40% TGB TFSM-31% CMPX ASYS BLD EVST APLX

Shorts Outperforming Market: None, LOL. HW JNJ PVX RESP DGX all covered. I should listen to what I preach: Don't short a bull market.

How can anyone be making any money shorting stocks right now?

Stocks On The Radar Screen: ANTP ESI DMC NGS RMBS NWD LSI MT TXI FSII MII BANR DCO