What Happened Friday?

Many of you wondered- what happened? The answer is nothing. INTC and JPM crushed the numbers. Sure there were some critics hitting them early;however, that's just volatility. Some Baird "cooler" came out and down-graded FITB because it ran up too much...love that one. I love it when the "price police"come out and down grade a stock because they think its too high-too fast. I have found it to be an excellent opportunity to buy more. I didn't;however, it increased my confidence we are going higher with FITB. Sometime you just step away on a non-event day and let it ride out. That was Friday. Numbers were good and the critics were left in the office before a 3-day weekend. Options expiration made it even more plausible. Next week is a huge financials week-HUGE. The only concern is the VIX. It is getting very complacent out there..not in the media, in the markets. We gotta let it run; however, watch the 11 handle closer on FITB. If we hit it again, we bail. MGM was a good sell at the 12.80. Wait for the next entry point. Looking for a nice financial run next week...if it does not act normal-Houston, we have a problem.