Proshares UltraShort Real Estate (SRS)

[btrain]

Closed all short positions. VIX (31.93) is down over 6% since yesterdays highs, but prices are not reflecting that yet. The fundis is in an upward trend that is being established.. SPY is still hovering in the 104 area, and the S&P is still in the 1040 area, but I am expecting markets to improve for the next few days, trading in the consolidation area perhaps, but improving. At this point, I may be wrong, but I am not expecting the Dow to reach 9500 range at this time.

I'll be looking for the next short trend to develop going into August... We'll see SRS has been extremely hard to nail down for more than 8 months. Am not sure when commercial real estate numbers will be used to offset the REITs that report their funding avenues and continue to move along without much market reactions.