Two charts here tell us the market has changed character, at least for now.
First, the daily chart ETF for the Russell 2000 is clearly breaking down from a bear flag, which at a minimum was to be respected despite the many V-shaped rallies throughout 2013.
In addition, Amazon is actually following-through lower after its earnings gap down.
This is action we have not seen in quite some time.
I am still in full cash, and have been several days now inside 12631.
I am stalking some inter-market longs, but am in no rush just yet–I want to see how look headed into the final ninety minutes or so.
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Thelma and Louise glide path. -106 on the nazzy. Puts are so cool.
Thelma and Louise, LoL
UGAZ looking good
close, again
dont bears love gold and silver ?
plan on maintaining gold and silver positions, hedging with XIV and TNA
& others as necessary ; )
unless Yellen comes up with something stellar
im thinking the market will be pushed lower by global forces of currency and credit issues
Haha yup
I’m going back to Dublin
LoL
Any thoughts and update on JO?
Huge move–stalking any dip now
Loving the new iBankCoin Bear logo 🙂
It is strong
Well rested and hungry…
Haha indeed
GDXJ outperforming GDX.
Ag move pretty widespread – DBA, etc.
POT doing well.
good points
If you love coffee – and think sugar has bottomed – and don’t mind a bit of cotton – and are a bit of a fruitloop. JJS is down 3% as write (but huge spread). You’d have to plan on being stuck in the position…
silly really
SGG
and that CORN
and that JVA might still do
Sold most of the puts & a long. Bought some calls. Getting busy.
Sold the calls -.01. Waiting again