The market actually looked more bullish that we had envisioned it, but not bullish enough for us to change our thinking on where we are headed in the days/weeks to come. We started the day out with more selling, helped along by terrible showings from mortgage giants Fannie & Freddie, and although they both ended the day with 20%+ losses, the financial etf (XLF) ended the day positive, bouncing off the double bottom we mentioned yesterday. So things are once again looking pretty mixed up, and we are preparing ourselves for more chop, keeping things even long to short, which has been working out incredibly well for us over the past few weeks now, and today was a great day with us cashing out of both a long and a short position, both with gains of over 20% in less than a week. Let's take a look at a few charts:
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