the Yuppie Pig

I think this classic Calvin & Hobbes strip captures this market better than anything else.



I've got a slew of charts today, so I'll speed through each with my comments. They are in no particular order but they all look pretty ugly!

SQNM is an unmitigated disaster for me. It's been Obamanated and I'm just waiting for a bid to unload some stock, which it never seems to catch.


I'll continue to buy WMT down when the 60 minute chart is oversold, and sell it when it meets resistance. It's actually one of the few bright spot in this market and was pleasantly green in this horrid tape.


Another disaster. No position here, but I'll consider a call option for a spec position when the 60 minute chart lines up. Could be soon.


The VIX is barely budging! No fear, no panic in this market. Either there really isn't any fear or more likely, people have just gotten numb to seeing pain and suffering.


The 60 minute chart gave a buy signal which immediately died. While I've managed to sidestep this most recent decline with a combination of heavy cash, and luck, this feels more like treading water than anything else. I'll be bullish yet again, on another buy signal on the chart.


I'll have to downgrade POT here, as overseas price slashes are basically starting a price war on Potash.


I started a position in MON as the debacle in potash played out yesterday. This is my new "goto" name in the Ag space... for now. It's got some support below where I will stop out.


I want to short IYR, but it can't catch a bid!


I started a position in GLD as the 60 minute chart is on a buy signal. With the sheer lack of anything to be bullish on, this should get some strength.


I never managed to get any CAF on the gap up, and I'm not chasing anything in this market.


What a disaster?? And why did I cover this at 21?