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The market could be pretty bloody next week, I'm definitely going to be looking for signs of weakness in financials (XLF) and real estate (IYR), but I'll be looking for strength in gold (GLD) and oil (USO).

Anyhow, for some reason, even though I expect the market to sell off sharply (if it does sell off, that is) - I am long USEG, LLNW, and HEK over the memorial day weekend.

There will probably be some ugly in my accounts next week. Stay tuned for the monthly results! Sneak preview: previous month's gains all peeled off, and a highly positive outcome would be that I close the month green for total return!

Anyhow, here are some charts.

Potential profit-taking opportunity here on LLNW. We'll see if my decision to stay in was wise or not... short term market weakness seems to be rearing its ugly head.

Perhaps I need to get better at learning how to take profit...

Part of my problem is that the USEG and LLNW are positions that are along somewhat different lines than my normal strategy. Or maybe I'm just telling myself that. I need to learn to take Dr. Brett's advice and go to simulated trading when trying out new strategies.

One of my few decent trades in a while (and more in line with my typical strategies); I'm not expecting too much more movement on this one next week, we'll see. Will look to exit soon on Tuesday morning. Main reason for holding onto trade through weekend is to avoid a 'pattern day trade'. Unfortunately, this position is also my smallest. That's the way it always works!


Which of these would you rather be long on?