I’m selling more here, as I embed myself in defensive minded positions. This is not a break-out, contrary to what all of the fortune tellers are foretelling today.
In short, get light now or go home heavy.
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Man what a bear. But i have reason to dive into stale water either.
I am with you – 3.08 can’t be argued with.
Been trimming all day. Watching everything struggle to go higher. Definitely time to cull the herd.
Must heed the instincts of the fly.
Man are you good or what.
STFU
All aboard the EDZ train
Gold prices versus major currencies. Note the pound of flesh on the end of that table.
http://www.goldprice.org/
Hey Jake, what are you doing for dinner? I have some questions about things.
I am off to the Gazebo, on Federal (US 1) at the border of Boca and Delray. Possibly the best damn Dover Sole in Florida.
Great wine list too.
(Not like Arturo’s, a little farther north, but not bad).
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Great Win for Robert….hahahahhhahah
The V.King cannot be stopped.
10 10 10
Buying any more TLT or just sticking with cash?
cash
Thanks!
Not today but in the very near future I will be buying FAZ, SRS, and some EGO or RGLD, and I will short HOG and one or two of “The Four Horsemen of Certain Death” and various other sundries of CRE certain death.
being both a builder of custom Harley’s and an architect so I speak from the inside, Harley is not healthy (dealerships are still swamped with 2009 models that they can’t get rid of, the dealership near me used to sell 100-120 bikes a month, they now are doing 18-20 per month….ouch….also real estate/home building is overall, in the larger picture, fucked on a spindle point blank.
all forms of unseen government run fuckery aside.
carry on.
HOG is a favorite short. But someone won’t let the stock drop to 12.50, where it belongs at this time…
HuggieBear just went 100% cash in his 401k. That is not an event that happens often.
Prepare for the onslaught.
Just went all in with 20-1 leverage on chinese solar burritos.
Wish me luck
HELOC n’ load.
clever
What about $RUT squeezing a new high intraday? did not close there though, but still rather close to new yearly high when S&P is 30 points away. This kind of divergence is good because tops are usually made the other way – new high in S&P and small stocks lagging.
Normally I would agree with your assessment. But look at the momentum (MACD) which is nowhere near confirming the price highs. Big time negative momentum divergence signals caution (and profits) should be taken here imho.
http://stockcharts.com/h-sc/ui?s=$RUT&p=D&yr=1&mn=1&dy=0&id=p94222070012
fid
Interesting that there was large selling on strength in the SPY’s this morning when I left the condo (in the $300+ million range) but that banked considerably to end the day at about $70mm down.
GOOG and Goldman, however, came out of nowhere with very large selling on strength, to top the list at $366 mm and $278 mm respectively by the end of the day.
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