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Well, my guest posters seem to have skipped town – – or maybe they just aren't as compulsive as me about regular posts. Anyway, I have just one thought to share this evening.
I would suggest keeping a close eye on the MidCap 400 index. Here's a suggestion as to the move that may be coming up soon:
What will be very difficult is that, if this move does occur, whether to stick with shorts or bail out. Because remember what happened last time such an enticing pattern landed on our doorsteps.
Seeing the market shaved by about 8% would be a nice "problem" to have, so we can cross that bridge if we come to it. Suffice it to say, it will be much more difficult to decide what to do then than it is now.
I don't have any populist rant or sweeping statement to make this morning, so I'll just rely on the faithful habit of sharing a couple of charts that I really like. I have short positions in each of these:
Hopefully I'll have something salient to say later. In the meantime, I wish you an enjoyable weekend!