MyBlogLog

I have, since 6:30 a.m., been cutting back on positions and taking profits. I get a lot of emails from readers with all kinds of opinions. Many of them are very well constructed, and many of them contradict one another. Added to this, I read a handful.

Here are a few charts I pulled in the wee hours of the morning for you to ponder. And the one I suggested on July 8th - - when it was $45! - -

A lot of people over the past few days have been buying Bank of America. I think these people must be clinically insane. I, on the other hand, am simply piling on more and more puts into this position. This chart is tres magnifique.

Lord knows that I've never been completely on top of fashion trends, but I base my decision on charts, not clothes. So here's a shout out to all  my Slope homies, just to say that ANF looks like a very safe short at these levels, with a...

I'm having a very good morning so far, but no thanks at all to my index puts. Even though my $RUT and $SPX puts did wonderfully at the start of the day (thanks to a ton of bombshell earnings yesterday), the new market theme indeed seems to be...