Wicked Wednesday Rub Down
Wicked Wednesday Rub Down
And we are close to making new highs again – short of a miracle Soylent Green is pretty much toast:
The Zero Lite depicts how easy a day it was for the bulltards – even the beige book report was only yet another dip buying opportunity confirming the old axium that bear market rallies run on bad news and end on good news. Could we please have some good news for a change? 😉
I have been adding more short positions at the highs today and am close to 90% short at this point – remaining firing power will be spent around the 1070 mark once we get there.
Program Trading Update:
geronimo/ES: +1.25 – again, the last trade didn’t quite make it.
This is the SPX against an XLY:SPX ratio. The original version of this chart was sent to me by Kevin (an intrepid supporter of the blog) who actually meant to send me the XLY:XLP ratio. But we both quickly realized that the ‘accidental’ version of this (i.e. XLY:SPX) is a lot more interesting. Just take a look at it and perhaps discuss it amongst yourselves – would be interested to see some intelligent discourse for a change.
I’ve got a pretty full plate for the remainder of the day but will chime in briefly later this afternoon.
Cheers,
Mole
