Today's economic data helped to crush the green shoots speculation and the long short squeeze in support of the banks' secondary stock offerings.
I am bearish, and think a test of the lows is in the cards. But the influx of narrow money and collaborative effort between the banks and the Obama Administration makes shorting a perilous activity, especially in these low volume markets.
A 'trigger event' of almost any intensity will burn this market to the ground, so the long side is beyond consideration here at least for us.
So what does that mean? We're weighted slightly to the short side but waiting for the short term Sell Signal from our indicators. 
