Took gains in UPRO (S&P 500) & MS (Morgan Stanley) after sending out our last alert. We swapped into BlackRock (BLK) because the risk/ reward and dividend (2.8%) was better. They are also a leader in the fast growing ETF (Exchange Traded Fund) business owning nearly half of the market share. Investors, permanately scarred from the past 6 years, will be interested in these new ETFs because they provide more protection than an individual stock. If the market is going higher in 2013, then this is a good bet on people going back into equities (stocks). We also initiated a new tech position- Facebook (FB). More on that to come.
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