Not often do I ever agree with the fly, but he’s correct.. we have been green lighted to be long. With the vix reaching the low 40’s, the last of the week hands were flushed, and the govt is full speed behind the market.

Now I used today’s strength to go from about 150% long to only about 30% long by lunchtime. But by days end I had added back another 30-40% of long exposure.

Here is what I Own.

 

1. Beaten down MLP’s

CPNO,LINE,MWE

2. Preffered stocks

WB-C,MER-Q,AVF

3. Closed in bond funds

HIO,HYT

4. Natural GAS stocks

MCF,SD

These are the stocks I lightened up on today/yesterday or sold completely. C-M,UPL,PAA,ETP,UYG(mistake),ndx calls,aapl, OIH and MS.

Now, I would like to own some bank stocks but I want them on a small fill-in. I will use the flys list of heavy shorts for my guide.