Direxion Daily Technology Bear (TECS)

[A320CA]

Ugly is a relative term - I was up for the week. Still down, but inched up. Jobs report could be the catalyst we needed, futures are down. I'm sure your watching.
Glad I held off the sale of any of these holdings.

TYP, SQQQ and SPXU

Still feel this could be a good 7-10% correction. Bernanke will probably step in around 9% and have a "new plan" on how to save the economy. Maybe they should just let the whole thing shake out on it's own - housing included.

Still aiming for 14.20, but could see your 15+ happening.
I'm in pretty heavy on these positions, so it doesn't take much to get out with some real dollar profit. Again, not trying to be greedy - probably start trimming at 13.75 and let a "paid for" 1500 shares run to your 15+.

Let's see, should be an interesting week. Earnings are kicking off. Alcoa should be first sign - probably not good.

Margins are compressing - outlooks will be dampened going forward.

RLB