I don’t really have an edge here other than feel.

I am getting mixed indicators when I look across all my trusted sources so I will wait for a big trade when more of the stars align – if at all.

Throwing things awry seems to be the Amaranth disaster.

I don’t know how he got it, but Bill Cara has a great post with the links to the holdings of Amaranth . Check it out.

Bastards own Adobe and Webx – so they can’t be too stupid :)

For timing the trade, it looks like the bigshot managers are cleaning up their gold and oil holdings for end of month and quarter so I expect more volatility until the first week of October.

I am likely just going to play some big caps and ETF’s in the space for now and eneter some individual names on big dislocations.

USO – which is the oil ETF, and BTU are ones I am starting on immediately. Brian Shannon from Alphatrends has a great video on two that I am buying.

The easy trade continues to be staying long all-time highs here – especially tech, drugs, retail and financial.