January is almost over

January has been difficult two years in a row.

I'm out of BIDU, GE, SSO, and FXI at minor profits.

I'm long the following:

MSFT
DXO


What I'm looking to buy:
BAC
STI
GE
KOL

there is a big rally out there some place....

Long

I'm long the following (with purchase price) going into the 3 day weekend. No short positions.

FXI: $25.10
SSO: Avg. $23
TEN: Avg. $2.20
DXO: Avg. $2.85
GE: $13.10

Goodbye George W. Bush

Much needed profit taking today

Why would anyone sell in January when they could have taken losses in December??

Stay trading on the long side. Too many catalysts this month for the market to sell off. Currently trading from the long side the following:

FAS
C
USO
SSO
TIF
BNI
LNC (be carefull here, it has gone from $6 to $25 in a month)
MOS
RIMM

While the market seems ripe to short up here, it would be riper near S&P 1050.

--don't use margin
--trade long side only if you have to