Since I have shamed myself before the almighty trading gods, I have re-entered /ES shorts (20 points too late……….grumble, grumble) with a stop above 820.50. We shall see.

Otherwise I continue to tighten shorts or, if the position isn't superb, close it out.

I still haven't read comments, so I'm not sure what the chatter is this morning………anyway, I took on mid-sized positions in MVV, SSO, and ESH9 (long) when we were trundling around the retracement level. One of the destructive things about a market like this is that it creates MISTRUST, and that's precisely what it's doing to me. I felt sensational about my positions at the close yesterday. Now I despise (partly) the market, since I feel jilted. Let's see if I can set things straight by the end of the day.

Sorry I've been so quiet. I never felt so on my game as yesterday. I never felt so off my game as today.

So I've been holding back taking any big positions or commitments. I feel I really missed a beautiful trade, with the /ES plunging from 844 to 808 in a matter of hours………..but tomorrow is another day!

It's unwise to plunge ahead when one isn't feeling right with the market. I'm taking it easy for the moment, and my only action plan at this time is to catch up on reading your comments.

I've got puts on TLT and am long TBT. I've pointed out how bonds were in a bubble, and I'm glad to see at least this trading idea continues to pan out!

Today has stunk for me so far. First, the big push into energy has been a fiasco. The bulls can't hold any rally together more than a few hours. Second, I completely missed out on what was a slam-dunk short on the ES:

This is a really disappointing day so far.