Market has turned around and financials looking good. I entered into FAS $6.75 today it wants to trade to $7.80 first than up to $10-11. Keep stopped super tight on FAS to below today’s low.

The bonds had a crazy up move yesterday the biggest move since 1962. I don’t think the TLT (20 year bonds) can hold price it may test the 108.07 price high yesterday. I am shorting this with the TBT.

The financials got a boost but this will not last. The chart below shows the price hitting the mid-upper channel. I am shorting with FAZ…be careful this is 3x leverage ETF… here we go DannyS.

My caution radar is signalling that I should be getting nervous. The major indexes closed little higher but on lighter volume. I will watch the market and may go short buying the SDS, DXD and FAZ.

The TLT has fallen $10 in 6 straight days. I am short this buying the TBT entered at $38.99 and have a limit sell at $48. I’m currently up +17% in 6 days. This one has worked like a charm with the volume lighting I ready to sell. 

 

I am in DAG long agriculture. It retraced nicely back down to support at $9.00. I’m looking for this to climb up to $11 first then up to $14.