http://www.stockrake.com

It looks like some consolidation today and maybe we go a bit lower, but I’m personally betting we go higher. Yes even though I am short stocks , but long Rydex. My beta portfolio will stick with the plan no matter what and that plan is currently short. However, my daily indicators show that its better to be long here barring a big 1 day turnaround to the downside.

I think we have more lift in the market now based on the overwhelming bearish sentiment out there and the RSI being very low multiple times as well as the rare case of a low weekly rsi.