As I said yesterday the market looked like it was ready to turn down today from a great run last week. The XLF financials were great as shown below. Today it went to a higher high above the swing on Feb 26 but could not close above it and less volume 287M vs 315M. No buying pressure so it must come down. I sold my positions in SSO and USD and entered into FAZ with a tight stop.

FAZ looks like it will run up to $60 but I suspect this will be fast by Wed or Thursday this week. I’m really waiting to buy back into SSO and BGU on Friday or Monday but we’ll see how the market hold.

As shown in the chart below of the SSO, I’m looking to buy between $16-17 on volume less than 12million. Then a target price of between $22-24.