Great Trades

With financials down over 5% more (XLF 7.2) and the S&P 500 down another 2.5% (SPY 72), our trading model is taking partial profits on our heavy short positions. We're reducing to 50% short the S&P 500 and 10% short financials, with speculative traders reducing the extra S&P 500 short to 10% and the extra financials short to 15%.

We've had some huge gains on these short positions in just 2-3 trading days, so we're locking in some gains here. We're also lowering stops on the remaining short positions to 730 S&P 500

Open Positions: 50% short S&P 500, 10% short financials, speculative traders short another 15% financials and 10% S&P 500, short gold to hedge.