http://www.stockrake.com

I’m short with EEV, SDS, SRS, and heavily short via long inverse 2x SPX fund and medium 2x RUT. Made 1.6% in the SPX and 1% in the RUT. I’m avoiding the COMPX/NDX until I get some sell signals there.

I need more proof if this market is going to go down before going up. I wasn’t happy that we closed so close to certain levels. This tells me we are going to move large away from the following levels very soon. Maybe the market saves this move for Thursday?

SPX Levels
921.23
920.26
919.53
918.37

Potential H&S forming on the SPX seems to talked about and obvious right now, but we’ll see.

Dennis Gartman likes my POT short idea and hates the long gold according to his spot on Fast Money today. I may need to rethink it. DGP didn’t do well, but SA held up. GFI didn’t do well either. I’ll drop these fast though tomorrow if they don’t perform and actually take my own trade of shorting POT or buying the double inverse Ag etf = AGA.