On 5/6/13..we posted an eventual swing count of 924 for GOOG…It hit it in pre-market!

GOOG…should start doing $40 dollar swings to the upside as long as it maintains over 827. A complete swing will tgt close to 924. 866 should cap an initial rally today.

888-894 is the critical hold level. We’re seeing an opening range profit taking bout off the big swing count.
Instruments have been parabolic for the past 6 weeks.

Let it breathe. Both the Dax & the Nikkei have hit interim tgt’s as well.
Time is needed to discern the next move. This is why we sent out trailing stops yesterday for many of the instruments
we’ve been involved with.

The stock rotation has been brutal with a different sector holding up the indices when others go into profit taking mode.

Position update..

We were stopped out of the TBT.

We’re still working an OCO in the VIX…Sell @ 12.70 stop or sell @ 13.70 (one cancels the other)

All other stops should be working as posted yesterday.