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Yesterday I covered my butt and went to cash after the huge run up. I was very close to then shorting the indexes, but enough “noise” entered my trading window to mess it up and so it goes. The good part is that I avoided the meltdown today. However, the two day swing performance for 2x funds is above 13%. Pretty nice when trading indexes.

My EWZ, like the rest of the market, dumped and in that dump ate a 3% loss. I bought more EWZ today. I’m anticipating a big bounce and when my position goes profitable I’m out.

Another sort of complaint is that while scouting stocks yesterday before posting, 3 restaurant stocks showed up that I found compelling. Specifically, CPKI, CAKE, and RT. However, I chose to talk about Biotech yesterday instead of speculating. Bottom line is RT and CPKI came out afterhours today with their reports and they are both up huge. That move is not likely over yet. BTW the bison burger at Ruby Tuesday’s is pretty good.

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