Apple and Google lead the way – Sweet Nina – what a stock market! Here are my favorites...

I own so many stocks it is ridiculous. Every day, I have hundreds of all-time highs to choose from. My friends at Blackstar (long only trend following stock fund) – who own every all-time high – MUST own 2,000 stocks plus right now. I will check on that later. UPDATE – 1,300 stocks.

I am watching Apple, Google, Adobe and RIMM. They are my four Nasdaq horsemen. If they hold their all-time high breakouts, I am not on CODE RED. I am keeping it simple.

I am uncomfortable – that’s good.

I am expecting to get shellacked – that’s good.

December is always great – that’s good (I think :) )

I am not excited – that’s good.

I am taking partial profits on stocks that are moving too fast too high (empirical only) like CROX and RIMM – don’t know if that’s good or bad, but I don’t look back anymore. A profit is a profit.

I am adding fresh breakouts.

I am adding some Wipro (WIT) to my account at the next available open. I have owned a little for a while and rode it down during the India swoon this summer but was not stopped out. Today it busted out to an all-time high. The India closed end fund is still 20 percent plus below all-time highs. I like that relative strength.

My faves (everybody has favorites):

Apple – alwaysAdobe – lookin’ good with flashMalyasia (EWM) – no good reason :) but I have been here for a while and she is starting to work nice.Rentrak (RENT) – my fave chart. The pricks at headquarters are denying Lindsay an interview for Wallstrip. That’s a big negative.Wipro (WIT) – a little volume and this becomes my fave chartBidu – pure aggressionChipotle’s – all-time favorite restaurant. Lines getting bigger. I have a big profit but am staying!Valueclick – No one can explain to me in english what they do. I like that :) .SIGM – Great chart and Industry leader in living room CHIPS, BUT a component play so one foot out the door always.

My longshot busted stock that I still own is Navteq (NVT – GPS industry)

My next year stories – Gold and Oil. Sounds smart and safe.

Disclosure – Long everything listed here except Google (ugh) ! I will never own Pfizer though likely need their drugs.