Overall Hybrid Score – Ranges

From The PPT

[youtube:http://www.youtube.com/watch?v=8A3bfmhivTI 616 500]

He puts the bear in shitter.

It’s time to see who will become iBankCoin’s next top blogger: Cain Thaler or chessNwine. Honestly, they’re both very distinguished.

Even though this is just an Internets elections, we’re taking it very seriously. Just like in the major US elections, if you’re a convicted felon (or even immediately related to one), you are NOT allowed to vote for the next top blogger. (This goes for real-life violators, as well as those of you who have been found guilty of crimes against iBC.)

Also, just like real-life elections, we’ve employed a highly insecure means of balloting:

[youtube:http://www.youtube.com/watch?v=wTTd6KGNnQM&feature=related 616 500]

iBankCoin proudly introduces the latest dance to hit wall street, the “Hugh “Hendry.”

http://www.youtube.com/watch?v=-io-kZKl_B

Go treasuries!

UPDATE:

We are close to extreme oversold conditions, according to the laws of mathematics aka The PPT. I will let you plebs know when it’s time to dive in, head first, into pools of concrete.

Since inception, OVERBOUGHT/OVERSOLD indicators of The PPT

Anyway, the market has weak undertones to it, especially in banks and industrials. Big chemical stocks are taking a breather, allowing for decent entry points. I sold some TQNT, in order to make room for GMXR. At the moment, I have a 25% cash position and 8% long VXX. My year to date gains are about 18-19%. Should the market tank here, I am pretty exposed to the downside. However, in that event, I will quickly deploy my cash to the FAZmobile, AND MORE. Just kidding.

Make no mistake, this market is super-duper stretched. Now is not the time to be levering up. Instead, you should be winding down positions, before the misfit on the teevee start scaring people out of the markets with their “go away in May” market hit pieces.
Nevertheless, I like FTK on this decline and CGA on this mini-spike. Longer term, I like my chances in EMN, AES, JCI and PKX.

“Christmas is over and business is business.”