When markets are trying to top or bottom price action is generally violent. Couple that with the qtrly chart patterns in play, and it’s a game only for the professionally nimble day trading flippers.

We were looking for this kind of price action yesterday where the long term stops in the Nasd would get elected to exit shorts. C’est la vie

We are presently flat all Short Equity Futures positions, However a few ETF guys still might have some SDS. Leave the stop @ 21.85.

MODEL TRADING PORTFOLIO…CURRENT HOLDINGS

LONG TERM HORIZON….

Long GLD,SLV,

SHORT/MEDIUM TERM HORIZON

SDS ? Leave Stop @ 21.85 if not out.

We have paid for all these trades. Only token positions are left. ( We’ve locked in the majority of the gains)