Feels like it's all becoming clear.....

I took the losses from yesterdays shorts, sold out of my gold position, and now I remain almost 100% in cash. While it takes a braver soul than I to jump in here, I'm starting to get the feeling that 1120 is the bottom on the S&P. There is still downside risk out there since none of the macro issues (Debt, Europe, Slowing Economy) have even begun to fix themselves so I can't jump in yet. That doesn't mean I'm not dying to take a bite out of Apple (AAPL) or have a sip of Green Mountain Coffee Roasters (GMCR). Keep your cash and shopping lists handy because I think soon it will be time to put them to work.

This is not a recommendation to buy or sell any securities. DAK was long AAPL at the time of publication but positions can change at anytime.