Based upon last night's analysis and the potential here for a continued move lower in stocks, and the relative weakness in financials I have taken a small position in SKF which is a 2x short financial sector ETF.
I have the stop at 47.65. If price move above Friday's high in SKF, I will adjust the stop up to 48.68 to cut the risk in half.
I will track this trade management here on the blog for educational purposes.
Pete
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