It Is Finally Vacation Time

A lot of stuff going on this week. I'm just getting over the flu (thank the Lord) which lasted only(thank you Lord) about two days and just in time for me to take some much needed time off from the markets. Yes, I could take my computer with me, use hotel or resort computers, yada yada yada. But, the reality of it is that I get much more out of the vacation if I completely immerse myself in the vacation by eliminating anything relating to the markets (and a computer). And since I think this is a primo buying opportunity in the market (because i don't think another crash is happening anytime soon) I'm just going to get long a whole host of names and come back later. I can't say for sure when I will be back, but it for sure won't be until the first week of March at the earliest. I'm heading to several different cities to see family and friends, and then some R&R with the Mrs. Ten and little 14 month year old TenYear (they are joining me for the last week of the trip).

So what's going on? I've gone long today several names which include:

GDXJ
GDX
EXK
KGC
ABX
GLD
KONG
RIMM
(I sold CMC yesterday when stop was triggered, Nergo, but didn't post)
CELG

So, pretty heavy on the PMs. Near term there might be some pain in these PMs but it is my belief that the S&P won't correct much more than 10% off of its recent highs before moving on to higher highs. I think PMs will be the leaders yet again. I think a stronger dollar is an absolute joke given the massive amounts of liquidity the Fed has injected. I have stops in place but I seriously doubt they will get taken out.

So that being said, I'm outta here! Have a great February everyone! Good trading to you and enjoy your time in the markets! Don't be afraid to share what you are doing out there.

T

email: tenyeartrader@yahoo.com