the Yuppie Pig

It's a grueling market between fundamentals and technicals. Just taking it one day at a time right now. The bear wedge continues to form on the 60 minute chart and the market is quite overbought. But that doesn't mean much in this market. I have a mix of positions that I hope will outperform over the next 8 hour;)

I started a short on BBBY as this failed to break out.


Similar for WFMI.


I started a position in MON as this chart looks like its firming up again. I'm presuming that the sector rotation will shift to some later cycle names as the early cycle names should at least be tired.


Still holding an IYR short, but I have to admit that if the government is going to just dole out money, this is no longer a sector short - and perhaps stock specific shorts.


Long IMA on this break.