Making It Rain On Europe

Europe has been bailed out by the EU this weekend and subsequently all is good in the world again. We have and will continue to build long positions on pulbacks as the longer term up trend is underway. Longer term our list will consist of $MA, $V, $AAPL, $GLD, $IYT, $IYR and Shorting $TLT. As of friday we took a small position in TLT as we anticipated a small counter trend correction in the market before heading to higher levels. Now with the news unleashed over the weekend this position will be abandoned and will look for buying opportunities in the above mentioned names.

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