The Fed's "Fatal Flaw"; Nothing has changed

In fact, it's worse since the banks that were too big to fail are now bigger than ever.

What the Cool Kids are Watching:

We are at support on the daily. See if the dip buyers come in here. MA's are still positive, but it could get ugly. Momo traders are all "talking about" going to the sidelines with lots of momo names getting taken out one by one. Today it's retail's turn. Transports are also at support, finnies have been dead for a while... altho Doug kass bought Goldman Sachs a couple days ago, so it might be a bottom, or Kass is wrong (again.).

Looking at the SPY (just to be more like Brian and to piss off Eric.)

GNW: Bearish Wolf Wave

Hedge time again for my net long portfolio. Let's try this GNW short set up. Remember to set stops for loss and gain. Don't forget to take gains in corrections.

SPX overbought; AAII bullish

This is not favorable for bulls, short term. Gentlemen, start your hedges!

GLD, DBC shorts covered at target

Gold and commodities (discussed previously) have corrected and shorts were covered today. I had also gotten short silver with the ETF ZSL. Now I'm flat on precious metals. At the close today, with the market oversold on short term indicators, I opened small long positions on CAT and PBR.

Size. I trade f*cking SIZE. Bitch

Hilarious.

(hat tip barry)

Gold and Commodities overbought