Wed April 30, 2014

 My Facebook play was stopped out, here is why. As Marc Faber noteson Marketwatch this morning, it is too late to buy stocks but we may be too early to short as well, welcome to summer. 

This morning I posted Hedge versus QQQ . Hedge is bottoming, while QQQ is toping. But Typepad is having difficulty and the post did not get printed. My point was that it is too soon to buy Hedge and too late to expect to be on the long side of QQQ and make money. QQQ is exhibiting a head and shoulders pattern that may take until later in May to break down.