I wish I could have posted this earlier, but I was focused on other things. It's just an update of how our Top 25% were positioned for this mornings trading. Here's the charts:




I just want to point out that we had a moderate shift in the cash to stock ratio (for this group anyway). Cash levels are now over 20%, which is approximately equal to the most cash held by this group since mid-August.

It's just...

[CENTER]Buy & Hold
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The Baltic Dry Index hit a 52 week high this week. I don't think it's a sign of any strong economic activity though. Basically, Hedge Funds and other Scalawags & Carpetbaggers of the like are spreading this horrible rumor that demand is still voracious in China for commodities.

Give me a break.

Everybody knows that China, not Michael Phelps, won the most Gold medals in the recent Olympics for their stockpiling efforts. Where would we be if China didn't hoard coal and...

Well, I said yesterday the Seven Sentinels were looking toppy, and today we got some selling pressure. It's still OPEX, and it's only one trading day, but if the market holds true to its recent form, we're probably in for some more downside action. The Seven Sentinels issued a sell signal today, so my front-running of a potential sell signal yesterday paid some dividends. But now I'm stuck on the sidelines till the 1st of December, and it's possible we reverse before then.

Still,...

Yes, we didn't fall off a cliff today. Yes, it was a bullish close of sorts. No, that doesn't mean we can't drop lower. Right now an argument can be made that the charts are beginning to roll over. Or we could be consolidating.

But this week is OPEX, which generally means more market manipulation than usual as the big players "set the table" for the following month of Options trading. For this reason, one should never read too much into the action during OPEX.

In any...