Profunds index and sector trading

[chainik]

<I'm positioned for .25 hike and no change in bias>

Which means short everything, including gold? (g)

I am not trying to guess the outcome of the Fed meeting; IMO if the sentiment is optimistic (and this seems to be the case), the market will sell off regardless of the rate hike (or not), change of language etc.

IMO two indicators should be of concern for the bears. First, Rydex traders remain rather pessimistic; second, the last COT report is VERY bullish. Commercials are positioned for a rally, which greatly reduces the chances of a significant sell off.

Shorter-term indicators and seasonal patterns suggest that the Fed decision will be sold. I think this will be followed by another rally, probably to new highs.