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I’m fading the fed today and went heavily short all over again. Loaded up TWM (wtf was with that today basically getting back all of yesterday’s losses), and SKF. Going heavy means moving the big $ to the index funds. Specifically Inverse SPX, Inverse RUT, and Inverse NDX.

I think if there was ever a fade the fed trade, today was that day and I say that because of the amount of volatility we have seen going through the past 2 months.

I also picked up some Oct ABX 30 calls. Gold stocks in general are looking like they could pop soon for a trade and not a trend.

Short the strength. Seacrest out.

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