MJTT

Something I like to look at to tell if there will be recommended shorting action is none other but the $TRIN, or the NYSE Short Term Trade Index for those of you who don't know.  It's an interesting "tool" to use, and if you look at it carefully, it may help you trade the iETFs.  Check out the spike patterns on it and you'll be able to see how they intermingle with the strong up and down moves of iETFs like the SKF, SRS, FAZ, DUG, and  many more.

Another thing I'm sticking to are my guns.  I still haver 22% in cash and the 78% in shorts, and I'm doing this because I feel confident for a rally to appear Friday and possibly a little into next week.  Again, going into next week with positions is risky, because your shorts might shank you on Monday morning.  Be careful, patient, and watch for those trends.

In the meantime, here's something to consider:

CVX 20 Day w/ Intra-Day

$SPX 20 Day w/ Intra-Day

Enjoy the time with your families tomorrow, everyone needs it!  As always...

ZM