Direxion Daily Technology Bear (TECS)

[A320CA]

It's all good. Funny thing is that we pretty much called this if we were just a little more patient. For me, I got a greedy and wanted to do one cycle in a rising market. That was the hope, but if you think of it, it's nearly impossible. I was trying to call out a bottom....then a two, three day dead cat bounce and back into TYP in the low 9's. Pretty audacious if I say so myself!

Sitting tight, I did buy some ARUN at the 52wk. low today. Building longer term stuff.

If we do go up a little on FB IPO over the next 2 days I'll be looking at SDS and QID. These are 2x Bears with less decay.

APPL keeps dropping. Don't worry, I'll find that guy when APPL is at $475 in June!! ;)

RLB