Ruby Tuesday’s buffalo burger is delicious, but that’s not important right now. That mother F’er of a stock which I traded so regularly months ago has slipped away silently like a ninja right from under my nose.

As you know, well you might not know if you don’t read my blog, I’ve been short for a few weeks waiting on the broad bearish technical patterns to take hold. Today was very nice. Finally we got BELOW the 893 level on the SPX and CLOSED there. This is a big confirmer of more downside coming with maybe a bounce coming later this week.

So I’m looking for a gap down tomorrow, or further washout. Maybe another spike in VIX and I would look to reduce my heavy short position there and then WAIT for up days to RESHORT. I sold nothing today.

Today was a nice score in the SPX and RUT with 4% each, ERY is up 13.2%, and the rest of my inverse ETFs are all up. SRS, FAZ, EDZ. I LOVE THE SRS HERE. Did I say that loud enough?

I can’t even count how many vacancy signs from commercial real estate groups parked out in front of their strip malls, office complexes, etc. I saw on my way home from basketball today. When will this story take over the market?

Thanks for reading

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