continue moving out...

I'm out of A (Agilent), with a 2% loss. Should have pulled the trigger a bit earlier, but I was waiting for the bounce that barely affected A at all. I'm holding calls on OIH, which I will likely liquidate Monday or Tuesday, as they are June calls. I expect a mild gain of 5-10% or so.

Looking foreward, I'm watching the indexes. I tend to think this is the end of the bull, but you never know. This isn't the first pullback in this bull, but it is so old now that there just isn't a huge amount of money on the sidelines. With that said, the bulls are at only 45%, and the bears at 28%. It is a rare thing to have a market turn until the bulls are over 60%, but it does happen.

I am at about 60% cash at this point. I've tagged some put opportunities: MRVL, CSX, SPG, AET, PNP, BA. And I'm trying to find some good long candidates, but am having a bit of a problem locating much that isn't rediculously overly extended, and that is what's making me nervous.

Either way teh market moves, I'm prepared to follow.

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