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Tweet The Dow Jones is carving out a head and shoulder pattern on it’s 60 min chart with the neckline being around 10600. Now it’ll be just like the market to act like it’s going to collapse and then rally 1000 points…but I’m not taking this pattern lightly. For the most part I’m on the […]

Tweet I do have my eyes on a few pullback plays (ugly daily charts but weekly still is displaying strength), but this market is still unstable and could drop further. Ideally we’ll see some sort of a bounce that will enable us to get short again but my fear is that exact same thought is on […]

Tweet Here is a chart of the CBOE Put/Call Ratio that can only be viewed in this size to see all the details necessary to put the current position in perspective. The 10-day moving average still has a little bit to go before it’s in the “fear zone” where the amount of puts. The VIX […]