Updated Action…Sitting in a Warning State…

While the markets remain soft and some technical indicators are flashing warning waves, the market is trying to hold. This is a dicey time, the big money players remain long and have more money than the technical indicators can offset. We are still in a dangerous zone, the problem is, if we do get a hedge sell signal it will more than likely be dramatic short-term wipeout of speculative long players and a buying opportunity.

Update at 2:25 CDT

Not a clear-cut signal, but enough, the Climate Change model is hedging its total position in a mix of inverse ETF’s, starting now, SPXS, SQQQ, TECS.