serious shift...

Bailed out of PCU and X today. Both for significant gains, both took a serious beating this week. I've bought a 155 call on OIH, and I expect to hold it for a week or less, just to play a dead cat bounce.

Looking forward, the chances of an actual bear market have increased significantly. Look at the Nasdaq 100. It has broken through serious resistance, as it has twoce over the past three years. This could still be a routine pullback, but every day this aged bull pushes up, each of these pullbacks gains a higher probability of being the beginning of an actual bear.

We'll see. Nothing is proven yet, but many of the high relative strength stocks that have led this bull forward are beginning to fall apart... That is usually how it starts!