Intraday Prices as of Noon EST.
I had only managed to put on a couple of these Friday, unfortunately. Since I had posted this a couple hours before the closing bell on Friday I didn't have time to put on many positions, nor did I want to. There are a couple of duds here and NFLX doesn't want to play ball. It's managed to stay in the green most of the day so I will stay away from this one. A couple of these were gimmes (DB, FCX, IYR and JOSB) as they were so extended. However, as "real" as this sell off feels, I'm still not going to put on the second half of the index shorts yet in fear of another jam-job by the Fed. Par for the course here would be a total market meltdown and me not positioned fully. Quite simply day trading the 50x inverse etfs might have been more appropriate.
Somewhere along the way there will be a great clash between the people who feel they missed out on the sell-offs and those who missed out on the rally in March. I think the bulls will win out in the short-term, but the bears will put up a fight. Propping up markets is only temporary and eventually the love potion will wear off.
