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This is a slight chance I’m taking here going short. The trend is still up, but the reasons I see are one major crackage in breadth – number of stocks turning up vs turning down, several indicators I look at on weekly and daily time frames are deteriorating, and the bounce today was good in …

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Luckily I dropped my index longs last Friday down to a pittance and then Tuesday dropped them even more. Today I closed my last 10% RUT long position. I think there is likely a bounce tomorrow. When times get volatile I don’t like to be trapped at Rydex. So that is the reason for that. …

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…depressed. However, this is not the case. Market still looks special. My still biggest f–k up since my reason to get long back in Sept 2010, was exiting my rocket portfolio early. That set of stocks is up over 105%. I’m always going to include some bad with any good I write. SOL – Been …

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Shippers getting drilled due to DRYS earnings. So my TBSI and GNK which were killing it yesterday are going to be garbage on the open. Gains gone there. MSFT released earnings unexpectedly this morning. Futures swapped rather large from yesterday after AAPL’s earnings. I guess we are still in the apathy stage.

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Afterhours all three of these companies reported earnings and it looks are going to cause a nice drop tomorrow morning. This is good for me since I added to my shorts. I wish I didn’t get rid of the intraday QID position today. I forgot to mention that I dumped PWAV taking about a 1% …

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