Bookkeeping: "We're Getting Destroyed" Buys

First time I've been able to look at the market today - it is quite a sad state of affairs for us. Enough is enough - I'm going to finally apply cash to the positions that have been busting us the past 48 hours and in fact 6 weeks.

Fundamentals mean nothing. The charts have broken down across the board, including many that Monday morning we outlined as over the 20 and 50 day moving averages - the "best of the best".

Now these stocks need to be treated like financials - you buy them when they are puked up, and then you have to sell them as they approach resistance. It is sad to see stocks with the better situation treated like this but this is whole sale destruction that makes little sense EVEN IF the world goes into a recession. Trust me, US retailers, airlines, financials et al won't be thriving in a global recession either - this is just an excuse to pummel stocks....