Nobody Told Me There Would Be Days Like These...

The market experienced a huge sell off today as traders and investors became more concerned about the strength of the global economic recovery. While I was stopped out of all my positions except AMZN the good news is I followed my system and got out with only a small loss in each position. My system delivers some big winners while keeping the losing trades to a minimum. It is always a good idea to have some short positions on (like AMZN) even in a bull market to take advantage of days like today. I did enter SDS today as my system triggered a buy on the close. I entered at $37.91 and have a stop tomorrow if SDS closes below $36.16. The weekly chart of SDS is in an up trend and the daily chart had a slight pull back allowing for a long position in the direction of the weekly trend. There are no new trades for tomorrow.