I am getting my balls punched in today, down to the tune of 1.9%.

Mostly it has to do with the fact that all the things I’m short are up, and the things I’m long half down.  That’s always fun.

The iBC Machine and a few other oscillators I look at (T2s) hilighted the possibility of a bounce today, so mentally I was prepared.  I think this bounce takes us to 12,150 area, best case, then we resume a downside bias if we can’t stabilize in that area.

This fits in with the energy has more rooom to fall debate.  Which makes me nervous, to be honest.  A lot of the stocks are already lower than I want.  I love the names, I banked coin (though I was slightly debanked today) and I will bank coin in them again.  However, they are guilty until proven innocent henceforth. 

Examples:

[[nov]]  Hanging in there above its trendline. 

[[rig]] Rejected at 50-day, broke trendline

RIG intraday.  Needs to get above 149 ish to have a chance.

[[cnx]]  Broke trendline and support.

These are nothing particular, just some stocks I liked.  Many others in the sector look just as shitty, real short term.

Check [[SQM]], which I set-up last night (picture is from last night).  Like some kind of idjit, I missed this trade this morning.  It has to do with sleeping in to 7:20, not getting up at 6:30.  Lame.