Up In the Air-
Greetings from the Centurion Lounge at San Francisco International Airport, where my beloved son and I are preparing to fly off to, yes, another fencing tournament. This place is good for my frail ego, since my kids have been dropping some broad hints about me putting on a few pounds, and seeing the spheres that inhabit this place makes me feel less pudgy. I guess the upper middle class traveling sort likes to chow down. But this little anecdote isn’t why you’re here. Let’s talk about a few charts.
I am, as you might guess, still utterly short. I have 43 positions, 40 of which are individual equities (largely in energy) and 3 simple ETFs. The ES has been banging around, going nowhere in particular, for two solid months now. The lines cleanly define the diminishing range, and gee willikers, I’d love to see us break the lower boundary. I’m traveling, so that can only help, at least for Friday.