Quick summary and signal analysis

Today for me is mixed. Good that I closed FAZ positions by gaining +8% profits. Bad that SRS was red in such an over 1% market down day.

Tech and real estate are holding well overall. USD bouncing led energy and commodity stocks (XLE, XLB) down hard. That is not what bears (or I) liked to see. Typically, pullback from commodity looks healthy to the broad market. Bears really want to see tech and finance leading the market down hard, but this didn't happen today.

The Pivot Trend System remains sell signal on IRY, while however, reversed the signal on XLF from sell to buy at today's close. So it is unclear for tomorrow's direction by these mixed signals. Buying FAS AH to hedge SRS positions may not be a bad idea. I am still thinking of doing this.

Monday's gap on SPY was so close to fill today, but not. If markets leaves this unfilled gap this week, what I read from it is that it is reaching a climax run, meaning that a real downside run starts next week.

I bought more SRS at $18.6 before market close, average down the orignal SRS positions, with average cost $19.59 right now. This could be a bad move, but I will give a try with a tight stop.

Good luck, as always!