Let Me Add Some Cream to That

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Wow, what a day! Although the ES bounced about ten points off its lows, I actually prefer it that way. Closing at the lows usually means a big bounce the following day. I’d rather just grind it down one day at a time. I’ll do a longer post later – probably a video – but I at least wanted to mention Stabucks. They are one of my 99 short positions, and they just reported earnings. As I’m typing this, they are pretty much unchanged on the report (they’re wobbling between slightly up and slightly down), but I think this is going to drop to $66 in the weeks ahead.