S&P Strategy Update

The so-called market is setting itself up for good news over the coming week as it expects some positive steps in Europe and a US Fed that will fuel the economy.  To me the expectations will be greater than the actuality.  As such we will increase out short position to 200 percent of equity on a rally to 1350 and cut it in half on a move down to 1290 when that occurs later.  This market is not going anywhere for now in my opinion.

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