the Yuppie Pig

Finally, the market is pausing after its huge run from SPX666, and the 60 minute chart is rolling over with some conviction, end of day Friday. I think a quick move to 740 could easily be in the cards this coming week, at which point we can re-evaluate things.


I've short a few names, expecting some further downside. These are fundamental shorts as well as technical shorts. Essentially, all of these names exhibit the same chart with nice runs in the past couple weeks, pushing into resistance, and now rolling over on the MACD and breaking their up trends.