Direxion Daily Technology Bear (TECS)

[A320CA]

Majority of my account is in cash right now. 28% is being hedged with these. TYP, SQQQ and SPXU. Was that it? 4% down from 1419 S&P?

The next couple of weeks should be more telling - hopefully I don't have grit it out at 9.45 or so - that's my 7-8%. The others are more stable - and I'm even on both. TYP is a large exposure - 70K in.

Understand about the bounce and sell off with AAPL. Should give it a day or two and see if the OTHER 80% of TYP moves to the downside! The trend is still lower. My mind wanders a little when I'm not busy - holed up in a hotel in Indy.

Looks like we maybe merging with American Airlines - our company has been in active negotiations on contract terms. I'm thinking I shouldn't be playing around with these types of ETF's/ETN's - over the longer term - 18yrs to retirement - things should work out fine with a conservative approach. This is not a conservative approach!