RAISE IN MAY AND WAIT TO SEE

Future is catering in the early morning. A couple of bad misses, Big Ben is on deck, and China is raising rate (a potential slow down in China?). What's wrong with all these big oils, missing badly. How could they? Home builders are also weak and guidance low. Could be a rough day. The only position I am a bit of concerned is BTUI, which could be down a bit more today. Should I get out here and wait on the side line?

What a day! The market reversed, thanks to Big Ben's comments of "Raise in May, and Wait to See" However, I still feel this market is not behaving as it should be. I am turning to cautious here. I would like to raise more cash and add more defensive positions.