Fly on WallStreet

In my opinion, today marked a near term top in the market. Although volume was weak, notable weakness was abundant in high multiple tech, transports and energy.

To believe that the consumer is on fucking fire and MRVL will blow-the-fucking-doors off the consensus because oil is lower is beyond stupid. It's dangerous.

Market pundits like Cramer pounding the table for high multiple tech, after 20-30% moves is cause for alarm. The prudent thing to do after such big moves is reduce risk.

Look, I know many of you think I am just some guy poking in the wind-- trying to guess a top or making poorly researched market calls. Not true.

My research is thorough and my market timing (normally) is excellent.

Bottom line: Look out for a red October.

NOTE: What do you know, right after I completed this article, the fuckers at MRVL issue an earnings warning. I am sure Cramer will say the stock price reflects a potential warning. To that I say: Fuck you; sir, you are wrong.

The following stocks had notable upside moves:

FBVG, PDA, VPS, AXR, GVA, RMX, TEX, HET, BYD, MCEL, GPRE, ARTW, CPST, EEE, HEP, STP, ERS, UNRG, ENY, BMRN, MDV, STGN, HGSI, MYOG, IFLO, ARNA, CNU, HEPH, TGLO, INSP, BCSI, QPSA, WAVX, HPQ, SNR, AMCC, BRCD, CCBL, INPH, PSUN, TAGS, JLN, PIR, VLCM, ZUMZ, ESST, DGIT, CSPI, KNXA, VTSS, OVTI, BITS, BESI, VIMC, DTLK, SANZ, TNE, IMFN, USMO, MDLK, RCCC, SLNK, WEN, FSN, INCX, CREL, TRGT, FXCB, ZONS, PHMD, NEOL, APPA, PTN, GMO, RGN, SVL, OMG, TNL and GFI.

The following stocks had notable downside moves:

BFF, CORS, BBX, TWPG, FRGB, LEND, SPTN, FIZ, SAM, WBD, COSI, MSSR, TSTY, CHCI, BLDR, CALC, TARR, CLB, HC, TRN, USAK, CHRW, EXM, SGMS, BQI, XNL, SYNM, LNG, GGR, GSF, PLLL, DWSN, NTG, HOS, CFK, MMR, NXY, IOC, PKD, SII, CPE, BEXP, FSYS, JDO, TEC, BRNC, PTEN, DO, DVSA, ICOC, ATLS, NHY, EAC, TMY, HP, ATW, NOV, FUEL, PRB, HOKU, ENER, BBG, ALJ, TONS, RTI, GILD, SUF, MEK, MIND, BIOV, NTMD, ALKS, EMIS, ARIA, AMLN, ONXX, KOOL, COLY, TRCA, CUTR, ACAD, BDMS, HYTM, RGEN, PRZ, BCRX, GNBT, WMT, MIVA, FLWS, SRVY, BVSN, WEBX, ENTU, AMZN, JUPM, LQDT, DIVX, MIKR, AVCI, RVBD, INTV, TERN, CNVR, VGZ, GIGM, ATCO, DVW, AVNX, VOCL, BKHM, LVLT, TIII, NUAN, CROX, SFP, BKRS, TVIA, OLED, KEA, CRYP, SEAC, RNOW, EPIC, ERTS, NWRE, ADSK, ININ, CTXS, OPSW, LSCC, NVEC, EMKR, IBIS, SMTL, CMOS, CNXT, FORM, TRID, SPSN, OVEN, IMX, SIRF, AATI, SFUN, HILL, TPC, IFON, QCOM, NTLS, OPMR, LCAV, ITP, FLT, ATEC, WSTM, AZPN, HYTM, BEAV, BRR, THE, VAR and SRX.