Financials

One we hit the daily 2)EMA, we will prepare for another downturn.

Financials had a nice run today, I am waiting to short it ... I was about to get FAZ puts but was too slow, o well.

Positions

All of my longs were stopped out today, looks like the techs are going down along w/ others.

My longs held up at the near support

However I have exit my position in EWZ as the chart seems to be the most broken of the 5 and I don't want that much risk going into the weekend.

Long's

These are my current "Long's" with stops ...

Financials

I want to show a very interesting relationship, the FAZ, is the triple inverse of the financial index $DJFN, for simplicity let me use the XLF, ETF that tracks the $SPF instead.

We see that in this period of 3 months, XLF had 4 significant tops.  The 3rd top is much lower than the previous two, however the FAZ bottoms are very close to one another.  And it seems to be quite risky to enter it once it is above $40...but gain is substantial if you are on the right side

Financials

EURUSD movement

The left side is the 15-min chart for the Forex pair EURUSD, the right side is the corresponding 60-min chart.  As we see the right side chart is for trend and the left side chart gives us opportunities to enter the trend on pullbacks.