Market always present several stocks on the long and short sides. Nasdaq has been rallying on the strength of Apple. Apple ipad news may drive the market on Wednesday specially the semiconductor and WiFi data providers. For Monday, I look forward to trading either of SPY, QQQ, Sears, Wynn, Russell 2000 Index fund. It may a smart idea to open a long-term GLD position. 1700/1650 is the strong support for the gold. A specific stock pick depends upon the market action.
I'd either close or rollover open QQQ positions this week. Note that a dividend on March 16 is favoring the put spreads. It is likely that GILD will return about 50% gains if market doesn't retreat balancing the losses on the open QQQ positions. This is the primary reason for not closing GILD position so far.
Overall, the portfolio is in the great shape. Over 600% gains are booked so far, and the portfolio is up 80%.
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