Trade!

Long 10% position in EDZ at $41.06.

This is a balls to the wall, take no prisoners position. But the set up is favorable. All the technicals are there, with the charts looking beautiful. Yesterday's market fade on low volume confirms there is no follow through. China has just screwed themselves as their manufacturing profit margins are 1.8%. The yuan jumps up 0.4% but commodities advance 2%. This is a noose that will choke them to death. Dave Rosenberg said today for the second time that a hard landing in China could be the greatest threat to the global recovery going forward. And Russ Winter has already taken this same position.

Now that I'm "all in" it's time to kick back, order a margarita, and enjoy the show.