My UYG trades were stopped out for loses. The news on Freddie Mac and Fannie Mare brought the markets down on big volume.

Still long in DUG, the oils are ready to come down. The money is slowly flowing out of the oil and certain commodities. I am also short the materials using SMN (ETF) at $33.13

I went short BX (Blackstone Group) at $16.60 on July 10 and current the price is $15.64. This broke the $17 support, so next support is $13-14 which my target to close this short.

In a week or two we should see if this is the bottom. Get ready to do some major buying. I like LVS and WYNN which have been beaten down to 2-3 year lows. I also llike WMT…yes, Walmart.