Trading Greek Style

No jokes, please-

I'm out of the country so no daily updates for a week or so.

Quick update:

As I was preparing to leave the country, I placed some buy stops for those aforementioned bear funds at strategic pivot points as outlined in my previous post.
It turned out to be a pretty decent call, because the day after Fed day the markets tanked nicely, and I made a bit of money.

Since then, the overall market-I am talking in generalities here- tested the lows then started to put together a little rally. Here because I'm not paying close attention plus I'm paranoid I set sell stops a little too close to a major bit of resistance and sure enough the bulls punched through on Tuesday, making my nice profits just so-so profits.

But on Wednesday morning I realized my mistake so after noticing some weakness in the futures, I went bearish again via TWM, MZZ, SRS, and SKF, the largest position being short the smallcaps which IMO is the most vulnerable. It turned out to be a good call, putting me in the green again after Wednesday's ugly selloff.

After yesterday's working group rally, I see today I have an MACD crossover in the 30-minute charts, which means most probably there will be some more choppy/bullish action in the major averages for the next day or so. If things start collapsing again I will take that as *really* bearish and I will probably add to my short positions, but frankly that would not be as efficient from a risk/reward standpoint. I would prefer a weak rally that I could use to beef up my short positions, especially in tech, which has really been the surprise loser as of late.

I want to throw up a chart explaining all of this, but I need to get on with my day. I promise some charts and pretty pictures later on.