GDP To Be

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Well that was a day of huge ups and downs, wasn't it? I started off down huge, went up huge, and ended the day up somewhat. Hey, I'll take it! It's a profit.

Tomorrow morning's GDP report is what everyone is waiting for; that comes out an hour before the opening bell. Until then, I don't have much to say . I've got 178 shorts and 2 ultra-shorts. I trimmed some of my larger short positions earlier today (notably XLU, RTH, and SPY) but am still about 125% committed.

One key level to break is shown here:

0729-spx

In the meantime, I suggest you take a look at the following. If you're a Star Trek Original Series fan and Monty Python fan, you'll love it. If you're neither……well……….maybe this isn't the blog for you after all…

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