Well we caught another HUGE run, this time with Mastercard (MA) - made well over $6 on this one from front to finish. (being facetious) At this rate we might beat a 6 month CD. I was hoping Mastercard could break out past the 20 day moving average (mid $240s) and make an attempt to the 50 day ($260s and falling), but hope is for those guys who use fundamentals. Usually we wait for a stock to attempt to hit the 50 day moving average before watching for a rejection but I'm not even going to wait that long and assume the "move" is over as it's getting batted back even at the 20 day. Could be wrong. Could be right. But cash we will go into... selling this down from 2.5% of portfolio to 0.5%. I keep finding very few opportunities to make money on the long side - thankfully Fuel Systems Solutions (FSYS) never lets up.

I have a pretty big buy list right now but in this market, the best way to make anymore than 1.5% on a position (ex airlines of course) if to wait for the hammering and just guess where the catching knife falls and then hope you are close. The odds are poor with that methodology, because being a few days early means you can be down 15%+, but true sustained breakouts are rare at this time.