The pressure is building under the foot of a weekly divergence in the SPX, RUT, NDX, COMPX and the other sectors that have been smashed, namely commodities, financials, and real estate.
A relief rally typically happens when this setup is showing its face. We had a rally off the 3rd week of October low based on [...]

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Son of a $%#$%#$%#$%#$%#$%
“EFU - Sold EFU today with a 3.6% gain getting out @ 102.42. Now EFU might have a slight selloff due to the US dollar pulling back after its enormous move, but again, in the coming weeks if the US dollar rallies, EFU should break its all time high (very close now). [...]

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No more index longs, no long etf’s, no AMZN. Its all in cash. Sold out this morning. At the morning Rydex window the Rut was up more than 1.2% and NDX was flat. So basically earned some cash back off this bad long trade I’ve been sitting in.
Stocks I still own though and all are [...]

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It may bite me in the ass, but I’m waiting to get long. Till Friday to see if either tomorrow or Friday provides a down day that will make my shorts profitable. I’m bullish intermediate term, so I’m playing a high risk, arguably, low reward trade here. However, I still have confidence that it will [...]

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I don’t know what is causing this move, but I’m hanging on to my shorts - heavily now.
I mentioned a few days ago that the XLF chart is shaping up. As of today that chart is broken. There is still hope, but it needs to pull back some still and that might be the reason [...]

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Did we get a signal today that the US dollar is ready to rally? Commodities got slobber knocked. Steel, coal, shipping stocks, ag stocks, oil and oil stocks as well as alternative energy stocks, you NAME the stock it got crushed today. However, the financials held up.
Commodities go down, dollar goes up and with the [...]

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Well on the week to week basis we got the rebound I was expecting.
On a week over week basis, the RUT gained 19 points, and the SPX gained 21 points. However, things like the UYG did 14.6%. So certain items this week exploded while others were just good.
I flipped to a small index SHORT position [...]

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Picked up some ADM on a swing basis. It might turn into something more.
If/when the general market correction we are going to see that inverse trade of commodities rising. ADM should benefit from that plus its cheap. I’m looking for a move of $3 at a minimum.

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