Before I talk about my positions as such, I’d like to point out that the Dow 30 fund, DIA, has slipped under its breakout gap. Thus, we have a failed bullish breakout, albeit a modest one.

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Before I talk about my positions as such, I’d like to point out that the Dow 30 fund, DIA, has slipped under its breakout gap. Thus, we have a failed bullish breakout, albeit a modest one.

Our mutual friend LZ brought to our attention the ratio chart AMD/SMH, which is a thing of stellar beauty!

As if you needed another semiconductor company to short, this one is a beauty: check out the head and shoulders top I’ve marked in pink.

I’ve blathered on endlessly in past months about what a beautiful “waterfall” tumble Cracker Barrel is performing, but I never did anything about it. Well, today I did. For the first time, I bought puts on CBRL. They announced earnings pre-market, and it had a big bounce, so I figured this was a good time to get in.
