The Shorts

After three days like this, I cant help but think the shorts are very nervous. Look at the action in a widely shorted stock like Buffalo Wild Wings, which is up today nearly 10%. Even boring stocks like BA, BUD and CAT are each up 2%. Even though the overall market was only up fractionally today, the mkt has the feeling that it is going to move......and tomorrow should not disappoint, with options expiring and a long weekend ahead of us. One has to notice the fact that gold has dipped below 660 each of the last two days, only to come roaring back. The dollar has been weak this week, with no hawkish language other than the normal party line on the interest rate front from Gentle Ben. I am 75% long, with a couple selective shorts including SDS and some out of the money SPY puts just in case, but if I were a betting man, (haha), I would say the risk is to the upside here.