Let me acknowledge the two people who politely reminded me that I may have come close to calling the market uptrend under pressure correctly, and announcing a YELLOW FLAG in a timely manner, while politely reminding me I did not change the flag from GREEN to YELLOW. Thanks you both very much. We will discuss the color of the flag later.

I got to meet up with a vendor today, but not at the new house. It was at the commercial building. I had to meet the alarm people to check the fire alarm. It was interesting as the guy walked back and forth from the lobby to the back of the building to the lobby about 6 times and there were alarms and noises and then he had me sign some forms and he was gone.

There is probably a good chance I will be billed for this bizarre service. Oh yeah, he does this every three months. How do I really know he did anything? Really, how would I know without actually burning my building down? But I digress.

Then it was time to plough through about 10 days of mail. This must be done in order to provide the other lady in my life all the bills that accumulate. Ellen must get depressed paying all these bills. There are dozens of them. I don't know how she can afford to do it.

Then it was off to Chateau Cronin or the Circle D Ranch depending on which gate you come in. Devin and I were meeting with our general contractor Austin Construction, a company who has become so much of our family I am using their social security numbers as dependents.

Jeff Austin, is very impressed with the property and can't wait to bill us some new cabinetry and a barn. (Freudian slip-perhaps)

Then much to my delight, I got a call from one Coach Harry Welch of SMCHS Fame who was in the neighborhood and we invited him to stop by and check out the place. It was delightful visit and he had a chance to see Manchild and Daughter. It was nice surprise for all involved.

Harry is doing well and in great spirits. He is one of those guys that just makes you feel good after visiting with him a few minutes. I have only known a few folk like that, but he is one of them.

We hope he keeps his promise to check the gates on the property and if he finds one open to pop in and say, "Hey".

Then it was time to visit the "Fingernator". PT for Pinky started off poorly as I walked up to the table and Kristy said lets see the finger you cut. Even I was taken back a second and as I washed my hands, it hit me, she had read the blog and heard about my tragic Bocce Ball near death experience.

As I rounded the table to get my wax job on my hand, Manson's Love Child said, "Not so fast." Apparently they frown on soaking open wounds in paraffin wax that will be used by other people. I went right to a hot wrap without getting the wax job.

Then the Matron of Agony looked at my hand and decided not to mess with my bocce ball afflicted hand appendage for fear that I might have nicked a tendon. She only likes to inflict pain when she knows the sub-skeletal structure can sustain the pressure she needs to create in order to optimize the paroxysmal torment.

One of the patients arrived and of course I must be very careful as to not divulge any information about another patient, but this person has been reading the same book and I believe the same page for the last two weeks. I think this person is a spy.

Here are my clues to arrive at this supposition. The book is not in English. The person never shows pain, despite the mistress of distress's best attempts. The person talks on a Bluetooth headset in a foreign language. They did not laugh when I offered to read the book to them today. Just sayin'.

Tomorrow will be yet a busy one at the new place. Alarm guy, koi guy, gate guy, painter, air conditioning guys, wood floor guy, marble guy, and that is all I can remember at this late hour.

My buddy Ben is visiting this week to take care of some business, see his daughter, and we have a chance to hook up for while this weekend.I am hoping he sees the winery and quits his job in South Carolina and wants to come out to be the foreman at the winery. (I will promise him all the grapes he can possibly eat and will let him cheat at Bocce.)

Anyway, let's talk about the market for a few minutes before it gets too late.

Blame It on The Italians

We forgot to change the flag last night from GREEN to YELLOW. Not to worry as we have another change of color tonight. We are now in a market correction mode as today was a major distribution day across most indexes.

As a reminder, a distribution day is a down day with heavy volume or as we like to say, conviction. The market was up a tad at the opening. Our May VXX call broke out at 12% down.  Then word leaked out that forsel'elezionenon è andare abuon. That would be Italian for, "Maybe the election is not going to good."

The VXX play we told you about last night turned out to be a great hedge for this rough day. The S&P 500 was down almost 28 points and the VXX call was up 86%. We will bail out tomorrow at the opening and take a huge gain. Then we will watch the action for the first half hour and maybe play the VXX again as this should be a volatile week.

If we stay RED FLAGGED for a few days, look at DDS as a possible short play. Jerene, what do you think?

 
Since 2/25/2013
G to Y 2/21/2013
Y to G 12/31/2012

I am not a professional investment adviser. Anybody reading my blog and investing accordingly must be out of their minds. I have made more money than I have lost. Except for a nasty VXX trade is 2012.   There are many more qualified people than I to actually tell you how to invest your money.

BAGAKOAA=Boys And Girls And Kids Of All Ages

Salve Lucrum=Latin for Hurrah for Profit.

Brian's estimate :

2013 Year Ending

Dow 14,361

S&P 500

1,610

2012 Year Ending

Dow 13,073

Actual 13,104

S&P 500 1,358

Actual 1,426

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