I have said repeatedly over the last two weeks, the sleeper stock to own is MSFT. The last 2 days has lived up to that promise. Two really big up days for Microsoft. Trust some may have taken advantage.

Not interested in new long positions up here. Shorts and hedges have disappeared though, so shorts from a couple weeks ago eviscerated. And there are very few hedges. All that adds up to added risk, and less potential for buyers to step in during a decline. Treacherous times. No need to trade.

Thanks, Joe 

PS-Recently I opened up a new program that I have been working on for the past few years. At a key point, I tweaked the formula and this thing has been absolutely on fire. If you want to see the trades it is kicking out, click here.