Before the Light of Dawn Comes Pitch Black

This is exactly why I didn't feel confident going long in the market. We never had our day of capitulation, aka, no bottom. This might have been on the back of most traders minds.

The market makers lifted the curtain today. That manufactured "rally" we saw last week, came to a fast and furious halt. I went into this week completely short. We're about to retest the January lows. This will be the deciding factor, whether or not you want to be long. I would not go long any stocks until after option expiration. The swings are vicious in this market.

Let me recap my current stance.

Puts in MOS. Fundamentally flawed companies, such as Mosaic, will be eaten alive by the 800 pound gorilla (DOW/S&P/NASDAQ). Growth stories can not support such elevated levels of valuation.


ILMN. Was up huge. I suppose there was some validity in the open interest in the march 80 calls going into earnings. I held my calls overnight, this is set up for $80. We'll see it's a gamble.

FSLR. Bull Trap might have been in play? They can't keep it supported with such horrible market breadth.