Bull's week

July 4th is a good day for bulls, the whole week usually is very strong for the bulls. And we had this today with Dow up 1% and Nasdaq up 1.2%. S&P broke above 50MA.

1. BIDU up 10% to a new record high 186 today.
2. RIMM up 7% to a new record high of 214 today.
3. Nasdaq up to a new record since 2000.
4. You can't find any weakness in the bulls. So it's very lucky that I sold my IWM puts last Friday.
5. I'll wait until tomorrow if I need to add some puts again tomorrow.
6. Think we may have a short term high tomorrow or on July 5th. So it's relatively safe to add a small puts if I think all my indicators are pointing to a sell signal.
7. If not, just wait for better entry prices.
8. In a few months, I'll still looking for a down market.