Methodical Reasons for Doubt

Rick’s Picks holds a short position in the QQQs, and although we should like to imagine that it will prove to have been initiated precisely at the Mother of All Bear Rally Tops, we found reasons in the hourly E-Mini S&P chart to think we may not get so lucky. We also looked closely at Gold’s charts and came away with little doubt that prices will be moving higher over the foreseeable future. Finally, and alas, a real-time futures trade on which we risked a paltry three ticks came a cropper.