Here are the candidates

These are the positions we picked up in the last few minutes-they were all bought at approximately 25% of out full intended position, maybe a bit less.

There are two I think look good for tomorrow, those are:

SSG > $17.53
SMN > $43.02

The ones that we just purchased-(remember these are ultra or 3x short ETFs so you are buying, but the net effect is you are short the underlying index or issue):

FAZ- 3X leveraged gives us exposure to financials
TWM 2X leveraged gives us broad market exposure in one of the more volatile averages
SRS 2x leveraged, not a big position here, but some exposure to real estate
EDZ 3X leveraged exposure to emerging markets which should be hit hard in a global fall
EEV 2x leverage on emerging markets through Proshares instead of Direxion-this and EDZ will              be treated as one position
FXP 2x leveraged against China-a little correlated, but they should suffer in a global crisis
ERY 3x leveraged short on Energy-less economic activity, less demand for oil

You can see with the exception of the emerging markets, none of the positions are too correlated. Also these are baby steps although I do believe the next break of $104.50 (SPY) will be the real deal.

I hope you made some nice profits the last few days, it may not be over, but the situation changed too fast as I warned might be possible because of smart money's averaged price being lower because of the shakeout yesterday. This means the accumulation at $112 was averaged lower and as I said, "They may not need to go that high".