the Yuppie Pig

Wow, another nasty day with a huge 25 point range today and we're right back near the lows for another test. Given the beating the health care stocks took today to add even weight to the market, and the banks getting overbought... I think we break down below the lows this time. I also note that alot of the defensive names just got murdered. (KO, WMT, MCD) Clearly, no one is behind the thesis of the retailers of any kind today...


Oil's been up alot over the past few days so I took the opportunity to sell the rest I have as it hit resistance. I'll be back in when the 60 minute chart gets oversold again.


SQNM could have been down alot more given the health care flogging today. As a result, I'm considering just closing this out, as I think we are just starting to see pressure in this sector as it had already become a bit crowded.



I thought I'd end on a calmer note...