The overall market is weak so far this weak with little buying pressure. The past two days we closed higher on progressively lighter volume = bad sign!! We may be setting up an ABC down pattern. If the SPY tests the last swing high of $85.99 on volume less than 399 million were heading down to between $75-80. I may enter the SDS tomorrow.

Like I said yesterday the TLT (20 year bond) is due for a bounce up which meant the TBT (short TLT) should pullback. I sold my holdings for a nice +17% profit. I am looking to buy back when the TBT gets in the price range of  $41-42 and light volume less than 5.6 million shares.

Gold is strong but is pulling back to $82-85. I will continue to hold my mining stocks but did sell my DGP holding today.