The Lemmings all found the sell button at the same time. Are the highs good enough for a big market top?

Yes, close enough in the Nasd with the S&P 500 Futures completing their swing count yesterday @ the 1420 level. All the short term players have just been rinsed out.

The next few hours will determine our next move.Will there be downside follow through? Do we buy some downside in the equity indices or wait?

We will utilize the QID ( double short Nasd) and the SDS ( double short S&P 500) for the Private Wealth Golfing Crowd. Pros…trade the futures..

We have 1/2 of this spread on “SPU/Bonds” via long the 30 Yr. Bonds. ( In our view the lower risk side)

We’ll be looking to put the short equity indices side on this afternoon pending further price action.

Right now we’re looking for a little help from the currencies. The AUD/USD  (103.60) is sitting on the 2/3rds of the past few months. USD/CAD is sitting on parity “100”

We need sustained and closing price action through these levels to confirm the highs in the Equity Indices.

It’s not a great time of day to chase direction, so we’ll wait it out!