the Yuppie Pig

Clearly, the easy long side money has been made at these levels. We could actually see a stretch move on the SPX up to 950, and bounce around the 850 +/- 100 points. 850 looks like a skewer through a rotating pig. But for the week ahead, I dipped my foot into the short waters yet again, as the 60 minute chart looks like it could roll over, and some of these heavily shorted sectors have rocketed up hard! Commercial REITS were up big, so I added some short exposure in that, and ANF/HOG at the end of the day. I've got stops just above the recent highs, but we'll see what happens tomorrow morning. I see the futures up 4.5 points.


Some sectors that I like, and will look to get into on a pullback, include Ag, oil (with a decent pull back), metals, select financials and tech.