Thoughts from the Vortex

Morning Gang!

This week shapes up to be an interesting one. As I write this the the LROD (large range outside day) down on the USO is exerting its influence as all the energy names are gapping down. APA was on the radar this morning as a day short but has gapped past my comfort level.

I am going to short a small position in oil this am on the open. Uso 37.45 is the trigger. With oil seeming to be topping out and many of the energy printing distribution patterns will this area be the one to get the market going on the downside. I'm watching now the fins to give the next clue. Keep an eye towards the housing index as it is breaking its head and shoulders pattern to the downside now. 1 2 3 and they all fall... again RIMM missing is not good for the tech sector and IMHO the last nail. AAPL may be on a buyem to bangem pattern.


Stop still in on second piece of SRS at 19

Hitem Hard!