the Yuppie Pig

It finally came - today the SPX broke the bear wedge forming over the past several weeks. I'm expecting some further downside, but I think we will not see a real re-test of the lows. It still remains a trading environment so this will be a dip I'll look to get long.


IYR just flips back and forth in some huge moves. I'll cover this short once the 30/60 minute chart firms up and look to re-short individual names later on.


Some the Ag names got hit hard along with the entire commodity complex. I closed out my MON position as it broke down, but the selling after that point seemed rather weak given the overall market. I'm planning to get back into this name once the selling subsides, and DBA holds firm.


CAF - the China ETF is something I wanted to start trading for the longest time. But it typically has gotten away from me. I'll give it another shot once the chart settles down.


I added to a short here, and in WFMI (same chart) as a short on the broader market. So far so good, but another day like today, and I'll cover.