Steady, Freddy...

Today’s starting out a lot like yesterday for me: a bunch of short positions, almost all of which are doing fine, and then a total dud or two. Yesterday’s bomb was STI. Today’s was G. Ah, well. You take the good with the bad. It’s still a good day so far.

Of particular aid are the financials, which seemed to have obeyed resistance quite nicely:


You can see this is a more exaggerated form by way of the triple-leveraged:


And, equally as important, let’s keep an eye on the Broker/Dealer Index. All three of things charts have reasonable clear topping patterns and, vitally important, have adhered to their resistance levels.

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