Friday’s Late Comments Hold………Update at 9:50 AM
We will be replacing our short positions when the S&P 500 cash index hits 926 this week.
The EMA ETF Fund Nav was 1175 at Fridays close.
8:35 SM CDT
THIS MORNING in the $ 1,175,000 EMA ETF FUND we bought $ 125,000 SDS, $ 125,000 TWM, and $ 145,000 QID, all double short ETF’s. This makes us effectively about 72 percent short based on face value of the account.