TraderWise

The market was hit with a one two punch today in an otherwise quiet economic week.  Philly Fed, reported at 10 AM, was dismal and just the tonic needed to break below S&P 1085 as traders were trying to mostly ignore the weekly unemployment claims.  With the S&P 500 here sitting around 1080 I will add 2% allocations into short BGU + TNA (4% total).  I still am wary of snapbacks since this market is very stubborn.   My "stop out levels" will be around 1085ish.