We’re using a 4 p.m. NYC close ( same time as the NYSE) A close below 145.50 and we’re out of our long Euro. As of now the Nasd looks to confirm the short equity indices trade. A close below 2266 Futures (If we are below the 2260 level just before 4 p.m. NYC) long term investors should be short the Nasd.

The Midcap,Russell and Nasd have the most potential on the downside. The choice of instrument will be left up to each individual investor. Why, because my clientele have varying risk tolerances. Whether Futures,options strategies, or ETF’s the choice is yours.