Barring something utterly unforeseen, like a terrorist attack, I think we've got a pretty clean range right now, and we're on the lower side of it (which gives me a short-term bullish bias). The chart I mainly watch is:
I have a ton of great longs, and I've got a ton of great shorts. Being on both sides of the fence is going to mute both my profits and my losses, because no market is going to be friendly to both longs and shorts at the same time, no matter how carefully selected they are.
Get the S&P back to about 1050, and there will be no stopping us (that is, it will be a great time to short). Until then, boring old care & prudence need to hold sway. I have many more good trading ideas, and I will continue to deploy small bits of capital into those positions as we ride out this Storm of Uncertainty. I will share those ideas as grist for the Slope mill, as the days grind on.
