Tuesday, August 13, 2013
I Don't Want To Be A Fader No More...
The Conviction Bulls threw caution to the wind and tried to push things higher again. I switched gears as fast as I could and got rid of my SPY $164s and SPY $165s, jumping into some SPY $167s instead. I'm grateful there was even something left from my positions and I could get two more weeks as a Semi-Bear.
Is the Hindenburg Omen for real? It's anyone's guess.
But boy am I positioned for it!
I've been waiting for the SPY crossover forever - and this time, I vow not to blink!
Could a convergence of the Hindenburg Omen + SPY bearish crossover on key SMA levels spike the drinks and push my profits higher?
The Good Lord knows it's just what I need!
-2.00% SBA
-1.30% Roth IRA
+0.20% DJIA
+0.40% Nasdaq
+0.28% S&P
+0.57% FTSE
+0.57% Eurofirst
+2.57% Nikkei
+0.23% Shanghai
+1.49% SENSEX (9FM, are you in the mood to fill my wallet?)
+1.21% Hang Seng
+0.40% WTI
+0.56% Brent
-1.03% Gold
+0.18% Copper
-3.39% Corn
+1.35% USD/JPY
+1.06% EUR/JPY
-0.65% DJT
-3.90% VIX
+4.22% 10-Year US Treasury Notes
42% Advancing Issues on NYSE | 42% Up Volume
55% Declining Issues on NYSE | 56% Down Volume
3% Unchanged | 2% Unchanged
145 New Highs | 211 New Lows
47% Advancing Issues on Nasdaq | 51% Up Volume
50% Declining Issues on Nasdaq | 47% Down Volume
3% Unchanged | 2% Unchanged
138 New Highs | 30 New Lows
P.S. Major Headlines Today:
Carl Icahn Announces On Twitter That He Has A Major Stake In AAPL
DOJ Sues To Block US Airways & AMR Merger
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