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If you watch the market closely you know the market is at a critical point. I’m trying to focus beyond the short term here though. If I step back I’m seeing many many stocks that are beginning a pattern similar to MON did months ago. There are many inverse ETFs looking like they want to …

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Originally I thought with the indexes resting on some decent support we would get some higher movement before dropping. This was the chart where I laid out my prediction. As you can see we moved down to the level I thought we would at 1073. However, I’m changing this up move bit. I think we …

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I took off my index shorts before the close. Despite what I’m seeing “developing.” The facts are that I don’t have a reason to be short just the possibility so I rethought it and took em off. I still think we hit that 21dema. I bought a little TBT, and sold all the other trades …

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I’m not looking for 1987, I’m looking for a retracement. We’ve seen bad price action after earnings for some big components. I’m looking for a test of 21d ema’s on pretty much everything. Its only a start, but I’m seeing the signs I need to see for retracement. The wheels are greased for sure just …

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Sold FAZ to avoid the split/morning bounce tomorrow. Sold ERY and took profits there. Despite the late session rally, I made money in the RUT with 2% and SPX at less than a .50% gain. Other winners, FAZ, ERY, SRS, EDZ I will look to buy back FAZ, maybe ERY, increase EDZ position, or do …

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