It’s obviously been a terrific two days for those steadfast enough to actually defy this stupid market. I have taken some profits, covering, for example, a monster position in XLK, but on the whole I’m just tightening stops. I also have entered a new short in XLI, the industrials ETF, figuring that eventually old school companies will wake up to the blood swirling all around them. My stop-loss price is 185.70:
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