I was going to do a post titled "Maybe Atilla is Right". As I'm looking at all my index charts, I'm impressed by just how much resistance there is in this market, and how poised equities seem for a renewed turn downward. I'm not ready to join that camp, but if the market does really plunge, we've got to throw the guy a parade or something, because everyone else (including permabears EWT) have thrown in the towel.
Energies have been good for me on the long side over the past week, but I think they're about to turn weak. I shorted a bunch of XLE this morning. OIH, shown below, also looks it has a very serious resistance level at 88.15
