Wrapping Thursday

I don't know where all the liquidity is coming from - it's a day or two too early for the 401K money which usually takes 3 days from the 1st of the month to make the transition (even in the digital age). So I haven't got a clue. Normally I would expect a couple of breather days and then a few boom days but this is somewhat ridiculous. Oh well, whatever - I'm taking advantage of it as you should be and let the devil take the hindmost. Once again - take what the market gives you and don't fight the tape neither up nor down.

I'm still holding a position in AKS, BGG, and GBB. I'm also holding HST and AV. The only one that was a disappointment today was HST but I expect that one to get back on track during the next week or so. Once the 401K money starts coming into the market the funds will start buying it back as it is one of the beloved stocks. How do I know that? - Simple - I just look at how much the 'toot's held in the last quarter and that was 98.8% of the float - that means that they sold a ton of it off when the earnings announcement came out several days ago and now they are in the process of buying it back again. That's how the game is played - supply and demand - good stocks are always in demand and the supply is always small.

The model portfolio went up .73% to 16.04% and the benchmark beat it for the first time ever by going up .81% to 7.09% - go benchmark - The model portfolio still has a bunch of alpha.

The three amigos were all over the map - GOOG made 7+ bucks today and MSFT made another 30 cents or so. Truth be known - if I could bank on MSFT making 30 cents a day from now on I would own a lot of MSFT. AAPL returned all of one penny to its loyal followers - yes - that's one cent - 100 shares gets you to the dollar menu at Mickey D's you lucky dog you. They are still not participating with all of the spirit that I would expect in any kind of stock market rally so I say the rally is soft.

The VIX is still in neutral but the up/down ratio dropped to 53.98% which it can do even in an up market - in other words a lot of stocks went down today even in the face of rising indices. The INDU ATR printed 98.17 and that is down a bit from yesterday but the rally will continue on that good news.

This guy remains split -


but leaning towards an up day. And even though I haven't got a snowball's chance in hell of calling tomorrow correctly - I'm still going with an up day. That's right - 401K money comes in and the market goes up.

The coin says ... heads - also calling for an up day.

Well we both missed again so the score is now Marlyn 29 - 29 and 12 and the coin is 33 - 25 and 12.