We’ve caught this trade 3 times this year from both sides. Things are over extended, particularly the Tech sector.

I am pulling the chips off the table and watching for the Long term traders. Sell the SSO and TBT at the Market. I am not at all happy with the trade location.

Day Traders…the SPU stops are under 1335. The high 20’s low 30’s would present the next buying opportunity. 1327.50-31 level.

This is all short term instrument specific trading and I guess I am not a true believer.