Direxion Daily Technology Bear (TECS)

[A320CA]

That's all encouraging - I'm sure you've tested your TA on other charts on fake trades.

Not extremely concerned on any huge upside for the entire market. All that "fluff" is gone- that was this last run from Nov-March.

Upside should be pretty much capped - 3-4% from here - maybe. And I think that is way streching it - that's 1420 S&P. No reason to be at that level.

Standing pat - let it play out.

Post your drawings - 9.60 is above my 8%! That would work for me.

I have an invite to an IBD stock seminar tomorrow at 7pm in Scottsdale. Probably not going - don't need to cloud my thinking! It's so clear right now!!

Early departure from Indy- I'll be home before the kids go to school. Tired, but home at 7:30am.