OK, I've completed the very difficult task of choosing the winner of the Miss USA contest, and she is... Tia Shorts.

Dave Landis writes that day traders are back. My favorite line:

Everyone and his grandma has been watching this so-called head and shoulders top forming in the British Pound. The trouble with charts is that any nitwit can interpret them -- indeed many nitwits attempt to charge money for their "chart-based actionable insights." In a stunning defeat for the greater-fool theory, no one subscribes to these ding-dongs.

British Pound, Daily Chart

Latecomers to the IPIX party get trapped and have to scramble for the exits en masse. Beautiful short side entry points for Dummies.

IPIX, 30 min. Chart

Matthew Lynn writes about London's property market.

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