Quick Thursday Morning Update

By -

Hi Everyone,

I was charting until 12:30 in the morning, and I was up again at 5:30 this morning to get my day going. So far, it is going well. I am pleased to say that, now that I'm finally fully positioned, I'm beating the market's inverse. The S&P is down 1% as I am typing this, and I'm up about 1.2%. Huzzah!

I came into the morning short 97 positions, and now I am short 171 positions. The most exciting thing to me was that the Euro was skyrocketing, and yet gold and equities didn't care! Maybe the one-edged sword is back, but it is fighting in our direction now. I was simply flabbergasted to witness this, since my first quote check of the day was the Euro, and when I saw how strong it was, I worried that this day might really stink.

I am short a wide swath of industries, although I am avoiding retail. My big winner of the day on a percentage basis is Almost Family (AFAM), which tumbled double-digits of percent right at the opening bell.

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