The intraday action, however, was a slow melt-down that seemed like it could bounce at any time. Prices appeared to stabilize around 1:30 ET, but in the last ten minutes, prices plummeted to new lows. 
This kind of action is deceptive, as prices fall slowly but steadily, never quite making a higher high or higher low. Before you know it, the market's down 2.5%. After offering such big bounces the past few days, naturally the market didn't allow any today. If the market is very serious, we may not see a bounce tomorrow, either. Let's see how it all shakes out.We sold SSO and AMCC, our remaining longs, for losses today. To lock in some of today's gains in our short positions, consider setting sell-stops on partial positions (say 20%) at the low tick for the stock (e.g., 23.14 for QID).
| Current Holdings | ||||||
|---|---|---|---|---|---|---|
| Ticker | Basis | Closing Price |
Perf. | Sell-Stop | Addl Exit Guideline | Chart |
| FXP | 8.96 | 10.39 | +16.0% | 9.39 | N/A | Chart |
| SRS | 9.56 | 10.51 | +9.9% | 9.05 | N/A | Chart |
| DUG | 14.31 | 15.34 | +7.2% | 14.76 | N/A | Chart |
| SKF | 25.11 | 26.95 | +7.4% | 23.99 | N/A | Chart |
| QID | 23.17 | 24.34 | +5.0% | 22.56 | N/A | Chart |
| TWM | 28.06 | 30.42 | +8.4% | 27.27 | N/A | Chart |
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