Yep

Thus ends another week. Now c'mon, folks, throw me a bone here - - I mentioned CRR just a few days ago as a bullish play ("For a bullish play, CRR looks like it is beginning to turn northward after a long slide.") and it climbed 40% in just a few days. That isn't bad, and it shows this isn't just an all-bears blog.


The Gold and Silver index is looking like a potential short.


Although the Transports broke above their descending trendline, the shooting star candlestick today is a little encouraging. The markets are sky high and simply seem able to propel higher each week.


The $OEX (S&P 100) is matching a recent high. This means either a double top or, with more strength next week, more kudos for the bulls.


I like the Morgan Stanley Tech Index ($MSH) as a place to buy puts. It's pretty risky, and the puts aren't that thickly traded, but the potential for a big reward is there.


The Dow 30 lost a little ground today, and it remains clearly beneath its broken trendline.


Check out NVR versus the Fibonacci retracement. I'd say it's ready to turn tail.


China has been going absolutely hyperbolic in equities. GCH is a short play on this. But what's more fascinating to me is how well it has played against its own Fibonacci lines. I've highlighted the "bounce points."


Cabot Oil and Gas (COG) looks like another relatively low-risk place to buy puts.


I sold my Cummins (CMI) puts at a profit a while back. The stock has recovered since then, and it's so close to a double top at this point that I'm ready to leap in again.


Good weekend to one and all.........