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I didn’t post last night, but I went short the NDX and SPX yesterday at the close. Looking for my levels we got the automatic test of 907-903 range with the break of 919 yesterday intraday. That is where I went long SDS as well. I sold that this morning too. I was heavily short …

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I was heavily long the RUT and NDX with the 2x funds at Friday’s close. The RUT did 15% while the NDX did close to 13%. Happy to get a nice one in the bag. I trimmed these positions back 50%. I also bought this morning TNA, SSO, QLD, and C. I put in an …

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The RUT is now trading with a 3 handle! Today is the flush most people have been waiting for. Watch the volatility indexes, and see if anybody cries on CNBC. If nobody freaks out on TV, then this unfortunately is not overwith. Then tomorrow maybe…maybe we have an intraday reversal. Maybe we even have a …

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Lets start out with the Ugly. – Dow down 800 points at the lows of the day. – New lows vs New highs were extremely lopsided – VIX, VXN both made new highs. Now the Bad. – We didn’t see capitulatory volume. – Market rallied way off its lows. – I had to eat 8% …

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Ok so I’m biased and feeling a hair nervous being short…heavily short, but I’m right. I made great trades this morning covering nearly every short I had on the gap down (read the recap) before the melt up. However, I went heavily short at the close – shorting the strength – shorting the closing highs. …

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