Profit-Taking and Heading Home

By -

Well, my vacation is over, and I need to pack up and drive home. I probably won't be able to do a new post until late tonight, and even that will be a short one, so there will be hundreds of comments amassed by the time I get back to Slope.

I am typing this four hours before the close; I have taken handsome profits on a variety of symbols including CL, CRDN, OXY, PX, ALK, AMG, ARLP, CNI, ITRI, NHP, STT. I have taken smallish long positions in SSO and /ES with tight stops as a hedge against a rally later today, but on the whole I am (obviously) still positioned very short.

Having gone through all my charts (swiftly), I have determined I am comfortable leaving most of them in place, and I will tighten up stops for the umpteenth time this weekend.

Good luck with the rest of the day, everyone.