Gift from the bulls to a bear

Coming into this morning I wasn't very happy with my short exposure. Luckily the bulls kept things-a-float before the potential flush comes.


Bought into SWC puts. April 17.50. Technically this could head to around 16.15.

My JASO puts were practically unchanged as the stock refused to break the 14.30 area with any conviction.

Me thinks that many of these solar stocks will become akin to the JDSUs of the tech bubble. Out of 100 solar companies -- many of these have billion dollar market caps purely because they were apart of the solar bubble. Sure the internet was going to change the world, but many companies crashed and burned in that bubble. Right now WFR and FSLR seem the most poised to dominate the solar sector, but of course where do you value these guys? The smaller JASOs of the world, seem like the better/safer shorts for now.

Still trading myself in and out of the homebuilders. RYL more specifically. I can almost gaurantee this is where the momentum will come -- the only question is when?

Will the ISM data tommorrow or the Job report on Friday be the catalyst for the market to test new lows. With how i'm positioned now...best case scenario we slowly drift lower into friday and on Friday we see some good ol' capitulation. Since the bears/bulls seem undecided in the short term we will probably stay range bound.