The 25% long position in the M48 was sold today at 85.35.  I did not wait for it to hit the stop of 84.53.  I could see it rolling over around 9:20 am on a 1 minute chart.  So we are back to cash w/ a small loss again.  For you traders – keep an eye on the SDS – which is the Ultra Short ETF for the S&P.  The chart looks good.  My stop would be placed at 99.05.  I scalped it today for 2.5 pts as I watched the SPY roll over.

M48= 100% cash

-Have a good week