The New CS Board

[YellowBull]

Rivers, this morning I sold off another portion of my QQQ and only have a very small amount left with a basis of around 31. I also sold off a small portion of my T, along with a couple of shorter term long plays. I've added some QLD to the mix. Still net net long but over %40 cash now. Keep in mind, I've been scaling out of long positions gradually since January. I still think gold and all the metals, iron ore stock, etc getting crushed is an overall ominous sign. Today is looking to be confirmation. Let's see how this market closes but I believe we may have seen an intermediate top last week.