As I posted today on Twitter I sold WYNN, ESLR and LVS and bought DXD and TZA. I took profits and put them in to some 2x short ETFs.

Below is the SPY which shows the pullback today on slightly higher volume than Friday. We should pull back into 81-82 and if the volume is around 250 million than I would buy long. For now I am short the market.

Below is DXD (2x Short the DIA) which I got in at $54.25. First target is $59-61.

Check out the video below.

I am still holding on a core position in DRYS which I took partial profits on March 27. On Friday it popped big time up +29% in one day. GNK also in the shipping business up +16%. DRYS is on it’s way up to $17 with little resistance with the huge sign on strength on Friday.

SPY has shown great strength during this short covering rally. I suspect we should pull back this week to around $82-83 where you can buy more if the volume is light. Then SPY will head up to $92.

The overall market is pulling back on lighter volume which is to be expected in a bull market. We are seeing lower prices but no selling pressure just some profit taking. What do you expect from going up almost straight in 30 days?

On Friday I bought VGZ which I got stopped out today (gold dropped big time) and also bought GNK at $13.13 and today it showed nice price action not even breaking the Friday low. I expect this to go up to test $20-22. I still own another psycho shipping stock DRYS

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The SPX, DOW and NASDAQ are looking strong and wanting to run up to the highs in early January this year - not in one day but over the next few weeks I suspect. I would like to see a pullback early next week then enter in again with another position. SSO would be a nice buy around $20-21.

I’m still in DRYS, UWM, DBC, ANO, URE, FEED for all nice gains. Got stopped out of C and FAS the other day.