BEARISH PIN ACTION

You thought you had a bounce but you really didn’t. What you had was, a market buoyed by commodity prices with heavy put buying in just about all areas of growth and banks. Yields are heading back up and PERMANENT BULLS are about to get RUGGED.

I closed up 1% with 30% weighted SHORT in inverse ETFs. I also have a short bond position at 5% and the rest are long commodities, mostly.

The fact that we didn’t bounce following a horrific decline means we will resume tanking lower — first thing tomorrow morning.

There is nothing more to say.