After Friday's terrific action, many of you would expect me to be brimming with longs.  I do have a few, but I think it's helpful to tell you why there's not more.

For that, you need only to take a look at the chart of PRGS.  In fact, there were a lot of charts that looked like this -- overbought with a potentially "blow-off top" -- so this serves as a good example of something I avoid.  Of course, PRGS might well work even higher.  But I consider it way too risky to chase right now...

And that is the final word from The Academy Awards where the only "Best Picture" nominee I saw was "Up in the Air."  Hated it, so this will mark yet another year I miss the Oscars...