Worldwide wreckage?

Don't really think so. it is time to take some profit, I closed my QQQQ puts today and sold 80% of my QID, and tightened my stop on QID to +$5 of my entry. Because the QQQQ has reached my bearish target today at $34.05.

It is not a time to be hero, just be nimble.

Check out the chart for Dow, it has completed a bear flag. If the support holds, it will bounce for a few days to weeks (like last time) before it plunge again. Basically, I am saying DO NOT open new bearish position today!



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I believe all index move together, so I am very cautious and take profit. Wait for the next bounce down, it should be as specular.

I will venture into UYG at the end of today, it is the strongest of all sectors at the moment.

shorts: impatient
longs: UYG

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