Monday, August 2, 2010

Pre-Market 8/2/10

5am est and futures are pointing up. Still holding longs TEVA RICK CISG CLF YHOO AAPL S. ARNA continuing it's huge upward ascent. I've been maintaining a bullish lean during 2010. While many bearish theories are bandied about and stocks have traded in a range for months, I still lean bullish. My primary bullish logic is corporate profits are very good. Say what you will about unemployment figures or European debt, corporate earnings continue to grow robustly for the majority of publicly trade companies. AAPL is on a historic operational pace in this economy and is clearly a leader of this market.

Hoping for a big week in the market and to take some profits off the table soon. Traveling to Louisville Kentucky this week to pickup my new Persian kitty, looking for good market karma.

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