Summary of Jan, 09

Up 22 pts or 40%! What a month! Shorting contributed most gains that tells us the downtrend still intact. Follow the trend.

Another new feature

From this year, I am going to have a monthly summery of my newsletter recommendations. If I have more time, I will also make 08's picks a list too. You decide if my newsletter is worth of your money.

KSS

I am also shorting KSS in my fund.

TJX

Also shorted TJX.

SHLD

I added SHLD last night.

Nice start

My fund's YTD performance is 18.8% while S&P 500 is -8.57%, the worst January on record for the market, a nice start of a new year for my investors. If you are a believer of "January effect", not a good sign for 09, which coincides our economic recovery won't take place as most people have wished.

Now I know

MA's strength is attributed to pre-mkt addition to Goldman's Conviction Buy List that is bullshit too.

MA and V

I wonder why MA and V are so strong today. I know V was added to Deutsche Bank short term trading list as a long, which is a bullshit to me. I think this is a short opportunity.

Retailers are weak

I am shorting retailers across the board.

NASDAQ disappoints again?

Yesterday's low is violated, which certainly disappoints the bulls once again. Oh well, this is one of the characteristics of a bear market. There will be plenty of false signals before the market really reverses.

One day makes difference

I covered one day earlier.

VRTX

My VRTX is rallying against the market.

NVEC

I added it to my newsletter last night.

My short term target

With the financial names so beaten down, the market can rally to 1600 area without a sweat.

More upside

My bullishness from 2 days ago is paying off. Just like I said, the financial sector holds the key. I think we have more upside, it is not over yet.

Also this one

Lucky

I am glad to escape this one with a small loss.

Removing old trading record

I removed the "old trading record from 05", since it is way too old.

New poll

Please cast your vote to the right!

Weak close

The market closed in green, but a lot less than when I left. I am certainly dissapointed, but let me spin it this way: one day does not make a trend, the bulls still get a chance.