All is fine

Well, the market has gone ballistic after we had some good CPI numbers earlier in the week. Seems that now, all the sudden, the market trusts the numbers even though PPI was up the day before and previous numbers were revised all over the place. Also, this China tarriff move can add to price inflation but the market doesn't care. More of a snow job that prices are flat. Sure, no inflation. But, as usual, it is all about MO MO..."Momentum". Money pours in due to the fear of missing out on the run. So, it all goes back to a very important theme. Go with the flow. Even though the market is often wrong in a sense, it is always right as far as short term price movement. (If someting goes from 1 to 2 doesn't matter if it is logical. It still went from 1 to 2. And that is how you make money.)

Up here were are a little overkill and need a breather. Many stocks are straight up off the bottom like RIMM and BRCM, so I am sitting on the sidelines. I will short those on a pop or surge unless they consolidate here over time. The movers today are mainly ABLE(low float mixed with good earnings), today's MO MO favorite, and LCAV. Others such as NGPS, look good on the chart but are slowly pushing. I am waiting for CKCM, HANS, JDMT etc..pretty much any real strong deal that retraces before I go long and also, of course GOOG to do a dip. But, all in all, an uneventful day after a big up week.