Well, here’s your live Rolo-cam shot. My foot’s asleep. I guess he likes me.

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I see my IYR puts are now up 666% from where I dumped them. How fitting. Well, they expire in eight days, so at least I’ll shut up about them soon.
I’m not happy – – not happy in the least – – with the lack of follow-through with this morning’s sell-off. We were down nearly 80, and as I type these words, we’re down mere 29 points. I have done almost no trading, with the exception of dumping my FDX position at a loss. I’m in wait-and-see mode right now, still sitting on 10% cash.
As a side note, financials still have very good-looking topping patterns, such as American Express (below). But I really want to see some follow-through, since we got to 3502 early (remember my 3500 target for the year??) and then started strengthening.

Thank you, sweet baby Jesus. Let’s talk about the /ES, as I prepare this post about twenty minutes before the opening bell. Rolo provides the play-by-play:

Good morning, everyone, and happy CPI day. My mental preparation for this day is about to begin, which consists of walking gigantic, sweet Rolo around the neighborhood. Here is a picture of him yesterday, demonstrating how he can be in the front and back of the vehicle at the same time.
