Direxion Daily Technology Bear (TECS)

[A320CA]

Quite the pop on AAPL - $27+.
IBM, INTC numbers were not great. IBM with guidance that is way high for next quarter - $15 a share - that ought to disappoint in July. I'd rather be out of these bear positions here soon. I was a little concerned about Q1 "surprises", I think we'll go back and forth over the next two weeks. Might sell at one of those drops. This would position me at mostly (95%) cash. I know I'm not going to hit the top or bottom. Maybe start wading in during the summer on big drops.

RLB