Following up on this past weekend's update, the market has taken out last Friday's lows across the board, but only the Russell is still above the March 8th lows. When those lows are broken on the other indexes, expect acceleration down and some new aggressive short ideas. We will continue to post any new system trades that are triggered, but at that time it will make sense to have extra exposure to the downside. New ideas will involve: TZA (see below), April/May at-the-money index puts and April UVXY calls (see below)
Is already well above Friday's high of $45.18. Today's high so far is $46.71. Consider any rise above $47 as a trigger to buy April $45 (and/or May $50 calls).