About 25 minutes into the trading day, it looked like the bears were going to smack the bulls across the face with a giant bag of semi-rotten avocados. Sadly, the ISM report saved the bulls’ asses, and it’s a terrible day for the bears. Personally, I have held fast, although I have trimmed from 30 total positions to 25 and have bumped cash up to about 20%. Still, long-term put positions on stuff like Advanced Micro Devices continues to look good, and I’m not going to let a few hours of bull-gasm shake me loose.
