Don't seen any good R/R on Longs so get Short.

OR buy inverse ETFs but you know what I mean.

Buying some SKF here at 103. UYG, XLF have bounced on light volume over the last several trading sessions and are failing against their 50 dma. I will take a stop on the position on a close above the 50 dma on one of those charts.

Also buying some SRS here just above $54. I like the volume pattern here and looks like it has a put in a short term bottom. I will keep a stop just under yesterdays low around 52ish.

UPDATE: 1:30 Stopped out of SRS for a minimal loss. Still think this one is putting in an short term bottom but bad timing on my part. Sorry for the nick but I set my stops for a reason and always respect them. As you can see after falling below 52 the SRS quickly tanked to 49. I was willing to take a 2-3% loss but nothing more.

I am moving these funds into TZA which is the inverse of the Russell 2000 levered 3x. If you look at the chart of IWM which is the Russell Index it is setting up a classic bearish wedge on declining volume. I am initiating some TZA here at 42. If you don't want as much volatilty you could play TWM which is the inverse of IWM. I will put a stop a dollar under day low at 40.50. This is a short term trade. Where I am taking pretty big size but will be flipping portions into strength.

I also added a third to SKF at $100 to bring my cost basis to 101.5. The big financial look weak to me and I will give this one a little time to roll over.

JAX