Day Summary

Huge selling on huge volume, which clearly shows distribution day in markets today, markets should quickly find a footing and hold the lines for it to go higher otherwise we may go down pretty hard. Bought JNJ today and covered my Q's short. Oil is really getting scary now almost a straightline parabloic move in oil, if it drops it may drop hard. Gold has started to rally again and not pulling back to give an entry. I mentioned EWC was reaching resistance and had a reversal today, booking some profits in there is a good idea. PGH continues to climb higehr and no nearby topping signs yet.