Direxion Daily Technology Bear (TECS)

[A320CA]

Feeling a little nervous here - like we should of just bailed at our cost basis and called it even. At the very least we could got back in at lows that appear to be coming. The Fed looks like they trumped all bad news out there - didn't think the Fed was supposed manipulate markets like that. Sure seems like he wants to keep his job, and that requires the re-election of Obama. Romney has said in no uncertain terms that he would get rid of Bernanke.

I've put in a buy for tomorrow at the close for a couple of mutual funds that are available in Fidelity. 75% Fid Growth and 25% Goldmans Sachs Small-Mid cap. That's putting in the majority of my cash position back into the market. If we do have a short rally to 1425-1450 at least I'll participate in that. Seems like we're juiced again.

As for my positions in TYP, SQQQ, SPXU - I'll hold. There has to be a downturn ahead - and when there is - I'll go back to cash from the mutual funds. Seems like I'm betting against myself!