Guns of August already booming…

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Although the day is young, a 30 point move in the SPX with a broken trendline is sufficient for us to begin hedging.  We closed some UPRO positions…

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Get set for some turbulence

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The top trendline here appears to be vulnerable to being broken.  This will inevitably cause some commotion -- how much unknown, but some.  The next trendline down is…

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What it all means (or at least some of it)

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 The pyrotechnics of Thursday and Friday might obscure what is going on.  But we should look at those days just briefly.  Thursday was a day of professional panic.…

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Air pocket sparks rush to musical chairs

  http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p83257770514&a=266398464 Traders have been nervously  circling the chairs eyeing other traders in an effort to be first to grab a chair when the music stopped.  The music stopped with…

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