DIG and TBT

By -

I've been thinking a lot about my "philosophical post", and if I have the energy (I've been getting up at about 4 a.m. lately, so I'm not sure………) I'll post it tonight. In the meantime, here are a couple of charts to ponder, both of which I am long.

The first is DIG. I've given up on the idea of this thing getting up to the low 50s, since its neckline has been horribly violated. I do think it makes an interesting short- (and maybe medium-) term play, but it's going to take a lot of strength to get past $37 or so. At this point, I'm a weak handed long; any weakness in this stock will threaten the ascending support line, and a break of that means the game is over (but it would be great for my other positions).

1103-DIG 

The other is TBT, which is the ultra-bearish-on-bonds instrument It needs to break through that second line I've drawn i order to get some real action.

1103-TBT

Everyone get rested for the big day tomorrow – – the Fed fireworks will begin promptly at 2:15 EST.