The Late Show

There is nothing to own. We’ve seen to weak rallies in the Indices today.
The world is still long. I would look for general weakness to continue into Wednesday qtr end.
Everybody would like to sell a rally now and it’s not happening.
I’m sure the shorts will get another drubbing from some level, but I’m not picking that level.
This is a major topping pattern in the Nasd 100 & IBB on the qtrly chart.
The current capital flow should continue into the 2 P.M. CDT Pit Bond close, then maybe you see a pause in direction.
Even if these rallied over the next few weeks to retest the breakdown levels you’d want to short both.
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