I took my 2nd day off this week, just my 4th or 5th day off this entire year since I began on January 11th. I feel relaxed. Actually, I've been in an extremely cranky mood today. I'm having market withdrawals. In terms of sleep, I have had about 17-20 hours the past two days which is a lot more than I've been getting. Tomorrow is the last day and my firm expects some volatility, perhaps in the last hour and some after hours action. I'll be in 90 minutes before the Open.

     I also wanted to blog a little about my only position in GPS. It's working great so far with a small 5% position in it. It has met my risk:reward parameters for this play. And the trade was simple for me today. If it were to close above $22.20 I would hold onto it for a much bigger upside to the 23-24 levels. If it couldn't close near highs, I would take off half for a profit. Looking at my daily and weekly charts and indicators, there is nothing to suggest that this move is overbought. The daily trend line would probably allow me to break 23s before taking some. If we gap above outside of this channel the next day or two I would let it trade for half an hour and place my stop at lows.  I plan to take profits when I see a breakout on volume so I can sell on strength, price action reaches to the upper channel trend line, or we gap up to significant overbought levels. A combination of these things will take me out completely to search for a new entry. My entry, risk, and plan is all listed in my journal early from earlier in the week if you want to read up on it. Entry: $21.44 on 200 shares (5% of swing account), with original stop $21.09 with reference points of $22.20, 23, and $23.80.

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