Failing Friday – Market Supports Collapse Ahead of the Fed

Well, don't say we didn't warn you…  

INDU DAILY

Last week, we gave you hedging plays in Futures that are up over $10,000 in just over a week and we gave you an options hedge on the S&P Ultra-Short (SDS) that will be up about 200% this morning and, in order to get past the censors at Seeking Alpha, who consider any link that doesn't point back to their site to be "too promotional" – I'll point out that even people who are not PSW Members could have gotten these trades, FOR FREE, over at Seeking Alpha.

Did ANYONE call the market like that last week?  Feel free to leave comments on the post if so because I need to start subscribing to them myself.  This week, we did it again and again on Monday you could have read it FOR FREE at Seeking Alpha (we'll pretend I don't have a site), where I said the following:

We're still shorting the top (2,100) on the S&P and this morning we're at 2,090, which is close enough to begin adding a few short positions on the /ES Futures. 17,850 is our spot on Dow Futures (/YM) 4,725 on the Nasdaq (/NQ) and 1,185 on the Russell (/TF) but if ANY of the indexes are over those lines – we pull the plug on the shorts because this market is irrational and our favorite position is still CASH!!! until we can finally put 2015 in the rear-view mirror!

That's a gain of $14,470 on just 4 contracts since Monday.  That's what we mean when we say we can teach you how to use Index Futures to hedge your portfolios.  The nice thing about the Futures is you can get quickly in and out of them and this morning we're going to play bullishly for a bounce at 17,300 on the Dow (/YM), 2,020 on the S&P (/ES), 4,590 on the Nasaq (/NQ) and 1,130 on the Russell (/TF) but if ANY of them are below their line – all bets are off as that's a strong sign that we're not done going down yet. 

The
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