the world is not ending! not this month at least

Market mulling around today, not much happening in the overall market in general. Home sales couldn't quite get us through the 1090 resistance on spx. People are just hanging out today waiting on the job numbers tomorrow. There have, however, been alot of crack runs in smallcaps today. Take a look at these breakouts yesterday and today that I played (falc, sgi, wmg, vvus, halo, cwst, axti). You can see the charts on my twitter page! All were nice quick scalps with very small risk involved.

I still think we go higher this month, especially after this long weekend coming up. The first day of September was huge just as I suspected up 250 points yesterday on big volume.  If you look at all the mergers happening in the past few weeks (bkc, hpq and dell fighting over 3par, potash..) you gotta think that things are gonna be ok and market is gonna rebound. Once we get past the weekend we should be good to go for a bullish month. Find stocks that are breaking out or on bottom and turning around and trade them. Get in and out fast.  

As i said earlier, we are heading back up to spx 1130  http://screencast.com/t/MTM5YzRm   I don't expect much this afternoon, there might be a few scalp plays as some stocks are setting up for a breakout, but for the most part im just chilling, looking at charts and watching youtube! Ill have a watchlist out tonight of stocks Im watching in case we see some market movement after the numbers tomorrow.