On the heels of last Friday’s nearly 1,000 point rally on the Dow, whatever go get ’em bear mojo I had has exited Stage Left. Well, that’s not entirely true. I’ve got twenty-one short positions.

However: (a) they are all relatively small (b) they are all straight shorts, as opposed to aggressive options plays (c) I’ve balanced them out with two very large long positions. My cautious stance virtually guarantees a huge collapse in the near future.

Having presented my meekness, let’s thumb through a few index charts as we count down the hours at this point to the most important earnings announcement in human history: Nvidia’s Wednesday afternoon event.