Put Them in a Body Bag, Vladimir!

The small caps in the Russell 2000 Index are leading us lower here, with buyers failing miserably, intraday, to hold $113 on the IWM ETF as support.

I have a hard time believing that the machismo-oriented Vladimir Putin will not forcefully respond to Ukraine’s aggression this morning with his own bout of violence, which is another reason for me to stay with the Russia short until further notice.

The volatility ETF’s are starting to pick up steam to the upside, and gold miners are giving it the old college try at a rally again, even with silver scared of its shadow still.

I am looking at other shorts inside 12631 if we fail to see the usual recovery this afternoon from dip-buyers.