Option expiry week & new 09 HIGHS ????

This week is Option Expiry week...when even the most experienced traders/investors are fearful & expect a bad week in markets.......

This Option Expiry MAY surprise all of us by Indices making new 09 HIGHS....why do i think that way......because we have been going sideways for the most part since week of Oct 19th..a nice 8 week base building.....

Markets also braved US$ upsurge with great confidence...which tells me that US$ is ready to RESUME its downtrend & Gold,Oil ,Euro is ready to move back UP.....

Economic news have been better than consensus around the world..China is leading in economic UPSURGE which is very good for world markets......

There is lot of "technical talk about 1100 area"......most technical gurus do NOT see us going above 1120...I beg to differ strongly.......once we slice 1120 then we quickly go to 1170 area...then 1120 area becomes support....

What most fundamental & technical GURUS FAIL to see that this IS a major "bull market" and IS in a strong UPTREND ...

I strongly believe that we will CONTINUE to make new HIGHS for next TWO years.....YES there will be brief corrections along the way & RSI above 70 will tell you each time.....those corrections will be the chance to book profit in your portfolio & BUY laggards......

Buying on weakness IS a "smart strategy" and HAS worked like a charm since March of 09...IF something WORKS for 9 months ..you KNOW a new baby is born......

As of Friday we are UP 440 points or +66.07% since March......It is "tragic" IF you remained skeptic & did NOT participate in this well defined bull market.....I know it is TOUGH to explain to anyone why your equity did not go UP by 66%+++.......BUT we have a long way to go in this bull run...so it is NEVER late to design a "winning strategy".......

Oil,Gold,Solar,Techs,Ag are all consolidating lately..so it will be a smart move to create a well diversified portfolio......

Message of the market is very clear...it is going UP....

BUT message of the skeptics/bears are based on "fighting the TAPE" which has NEVER worked & has caused major shrinkage in equity????

This market since March has been easiest to navigate...BUT IF you cannot see the TREND then you NEED to REVISIT your investing/trading thesis.....it NEEDS a major WAKE UP call.....

Experience has NO meaning IF you are NOT making money like everyone else?????

We have roughly 10 full trading days left in this calender year to book gains/loss for 2009...please look @ your portfolio from TAX purposes and MAYBE it is time to shift into BETTER performing stocks......

Look ahead to 2010 & try to PLAN better investing/trading strategy...cannot change 2009 BUT sure CAN IMPACT 2010......

Good luck in your RETHINK/REPLAN......PLAN to do BETTER...it IS never an accident......

Here is my $/sector allocation picture as of Friday's close :

TSL 29.48% Solar fully integrated
AAPL 24.03% Tech/Smartphone/PC
EXPE 13.78% Travel wholesaler
SOLF 11.42% Solar fully integrated
MRVL 11.38% Tech/Smartphone/PC chip supplier
POT 9.91% AG/Potash producer

I remain overweight in Solar 40.90% & Tech 35.41%...rest in other sectors......Diversification IS extremely important..... to benefit from sector ROTATION which IS going on.......

BLOG does NOT give buy or sell.

Saleem