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[cycletimer]

I sold my AAPL June 250 puts at 5.10 (purchased at 3.80) and I covered my AAPL common at 267.35 (shorted at 270)... I don't know whether to expect much from the short side so I took these quick hits. Cycles are cresting here but they have crested since 2009 and the market keeps going UP. I am not about to go LONG here but I am not comfortable being short any longer than I have been, either. I am still holding SPY credit spreads but this is not a directional trade, simply a play on premium erosion...short the SPY 124/129 calls... I will cover these sometime before expiration. With the exception of this position I plan to remain flat for a few days. I just upgraded my cable TV to all the premium movie channels.... you know what I'll be doing for the next few days. It won't be tuning into CNBC!!!